Alibaba-Meituan trade yields 130% as food delivery war rages. A paired trading strategy betting on the growing performance gap between two Chinese tech giants has delivered a 130% return year-to-date, as Alibaba Group Holding surges while Meituan stumbles in an intensifying food delivery price war. Going long on Hong Kong-listed Alibaba while shorting Meituan has proven highly profitable, according to Bloomberg reporting published November 6. Alibaba's stock has nearly doubled this year on artificial intelligence enthusiasm, while Meituan's shares have plunged approximately 33% amid market share losses in food delivery.#Alibaba #Meituan #ChinaTech #FoodDelivery #AI #HongKongStocks #TradingStrategy https://www.perplexity.ai/...

FairPrice gets approval for Singapore's first autonomous delivery fleet has achieved a historic milestone, becoming the first organization in Singapore to receive approval from the Land Transport Authority (LTA) to operate autonomous vehicles on public roads for supply chain operations #autonomous #autonomousvehicles #driverless #selfdriving #innovation #technology #logistics #supplychain #electricvehicles #sustainability #smartcity #futureoftransportation #greenenergy #automation #SingaporeInnovation https://www.asiaone.com/si...

Serve Robotics deploys 1,000th delivery robot deploying its 1,000th third-generation autonomous delivery robot and driving the company's stock up more than 11% as investors celebrated the rapid expansion of its AI-powered fleet #robot #AI #serve #delivery https://www.perplexity.ai/...