Meituan to buy all shares of AI startup Light Year from HongShan, co-founder

Meituan to buy all shares of AI startup Light Year from HongShan, co-founder

FILE PHOTO: AI (Artificial Intelligence) letters are placed on computer motherboard in this illustration taken, June 23, 2023. REUTERS/Dado Ruvic/Illustration/File Photo

Chinese food delivery giant Meituan has agreed to acquire all shares of Light Year, a nascent artificial intelligence (AI) company, from its founder Wang Huiwen and shareholders including HongShan.

Edited by: Pramod Mathew