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Sources: ByteDance has made preliminary plans to spend ¥160B, or ~$23B, in AI capex in 2026, up from ¥150B in 2025, and has budgeted ~$12.07B for AI processors (Financial Times)

Financial Times : Sources: ByteDance has made preliminary plans to spend ¥160B, or ~$23B, in AI capex in 2026, up from ¥150B in 2025, and...

13 November 2023

Didi reports Q3 revenue up 25% YoY to ~$7B, a ~$14.7M net income, up from a ~$274M loss in Q3 2022, and plans to buy back $1B in shares over the next 24 months (Reuters)

Reuters:
Didi reports Q3 revenue up 25% YoY to ~$7B, a ~$14.7M net income, up from a ~$274M loss in Q3 2022, and plans to buy back $1B in shares over the next 24 months  —  Didi Global, China's largest ride-hailing company, on Monday reported its first quarterly profit since 2021 …

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