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Meituan Reportedly Splashes US$30M to Found Tech Firm in Yancheng to Expedite AI, IoT Layout
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Xigua Limited, a subsidiary of MEITUAN-W (03690.HK), invested US$30 million in Yancheng to establish Yancheng Haiqi Technology Co., Ltd. (literal translation of "鹽城海騎科技有限公司"), with Sun Keqing as the legal representative, according to Chinese media. The company focuses on the research, development and application of AI and IoT technologies, covering multiple fields such as intelligent robots, IoT technology services and basic software development, demonstrating Meituan's ambitious layout in technological innovation and intelligent transformation. AAStocks Financial News |
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