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Weekend reading | Tencent returns to the AI table.
DeepSeek has overturned the originally established platform in the domestic large model field, with various big companies reassessing their positions. Tencent has chosen to demonstrate its strategic resolve through a series of 'lightning war'-style deployments.
Tencent Launches Hunyuan-T1 Reasoning Model as China AI Race Heats up
Wang Xing: Meituan's AI strategy is offensive.
① Wang Xing has clearly stated that he is very interested in AI, and Meituan's strategy regarding AI is offensive rather than defensive. ② Data disclosed by the Meituan Research Institute shows that Meituan has contributed 1.4 billion yuan for rider social insurance. ③ Meituan plans to increase its resource investment in overseas markets by 2025 to achieve better development.
The game license has arrived in March! Black Myth: Wukong has been approved for the PS5 in the Chinese market, with major titles from Tencent and NetEase gathering around it.
Explode the Industry.
Full text of Meituan's conference call: Fully entering AI, Bullish on the high profit margins in the Middle East market, pilot social security for riders to start in the second quarter of this year.
Meituan significantly enhanced employee productivity through the self-developed large model "Totoro", achieving 27% of new code generated by AI, a 44% reduction in the BD team's workload, and over a 20% increase in AI customer service efficiency. This year, plans are to launch an AI assistant covering all services and expand into the Siasun Robot&Automation and autonomous driving fields. In overseas Business, Meituan's brand Keeta operates delivery services in six major cities in Saudi Arabia; in the Middle East and other markets, the average Order value is much higher than in China, and users are more willing to pay for services, with delivery Business profit margins also exceeding those domestically.
U.S. stocks closed | The three major Indexes all rose, with the S&P and Nasdaq ending four consecutive weeks of decline; most large Technology stocks increased, with Tesla rising over 5% and Apple rising nearly 2%.
Tesla has experienced the longest consecutive weekly decline. During the GTC conference, NVIDIA fell over 3%; after the Earnings Reports, Micron dropped 8%, Nike declined over 5%, and FedEx fell over 6%. Boeing rose over 3%, leading the Dow Jones. NIO fell over 4%, and PDD Holdings dropped over 3%. After the Federal Reserve meeting, the two-year U.S. Treasury yield has decreased for three consecutive days. The USD rose for the first time this month. Brent crude oil reached a new high for the month. Gold fell from its record high, once dropping over 1%, but still increased for three consecutive weeks.