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Chinese food delivery giant Meituan plans to acquire AI startup Light Year from Meituan co-founder Wang Huiwen for ~$233 7M in cash and ~$50 7M in debt

Chinese food delivery giant Meituan plans to acquire AI startup Light Year from Meituan co-founder Wang Huiwen for ~$233 7M in cash and ~$50 7M in debt
biztoc.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from biztoc.com Daily Mail and Mail on Sunday newspapers.

Wang huiwenLight year

China s Meituan to buy AI firm Light Year from co-founder

(Reuters) -Chinese food delivery giant Meituan said on Thursday that it is acquiring artificial intelligence (AI) company Light Year from its co-founder .

John bijuWang huiwenShailesh kuberLight year

Meituan to buy all shares of AI startup Light Year from HongShan, co-founder

The cash consideration includes a $28-million payment to HongShan, which holds a 2.44% stake in Light Year.

Hong kongWang xingWang huiwenAlibaba groupLight yearSequoia capital chinaZone flow

Meituan seeks Light Year leap

Staff reporter Meituan (3690) announced yesterday that it has agreed to buy the entire interest in Light Year for US$234 million (HK$1.83 bi.

Light yearThe standardEction newsOp newsEntral station

Meituan buys founder s months-old OpenAI for China for $234M

Meituan buys founder s months-old OpenAI for China for $234M
techcrunch.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from techcrunch.com Daily Mail and Mail on Sunday newspapers.

Wang xingWang huiwenLight yearSequoia china

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