Search results for Meituan
AI & Enterprise
China\'s Moonshot AI raises $2 billion at $20 billion valuation
Chinese AI model developer Moonshot AI raised $2 billion at a $20 billion valuation, TechCrunch reported on Wednesday. The round was led by Long-Z Investment, the venture capital arm of Meituan, with participation from Tsinghua Capital, China Mobile and CPE Yuanfeng. TechCrunch said Moonshot has raised $3.9 billion over the past six months and that its valuation rose from $4.3 billion at end-2025 to $10 billion in early 2026.
Games & Commerce
China\'s AI agents point to the future of commerce
Agent commerce, in which AI agents search for products and complete payments on behalf of users, is spreading rapidly in China and is pushing global companies to change strategy, an analysis found. Harvard Business Review cited examples including Meituan’s Xiaomei, Alibaba’s Qwen Agent and Ant Group’s AQ Health app. HBR said China’s payment and identity infrastructure, logistics, super-app ecosystems and consumer acceptance are key drivers.
AI & Enterprise
Baidu generative AI assistant tops 200 million monthly active users
Baidu’s generative AI assistant Ernie Assistant has surpassed 200 million monthly active users, the Wall Street Journal reported on Jan. 20, citing people familiar with the matter. Ernie Assistant is integrated into Baidu’s flagship search app and PC version and is also linked with major Chinese lifestyle platforms such as Meituan, JD.com and Trip.com. It supports tasks including booking flights, ordering food delivery and searching health and legal information.