Meituan, China’s biggest food delivery app, reported a 28% rise in revenue for the third quarter. Demand for deliveries of meals and groceries was strong during the quarter, as China’s strict Covid-19 restrictions forced many consumers to spend more time at home. Meituan’s solid growth stands when most other Chinese internet giants are struggling to adapt to a tough economic environment....
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Where Google Has Grown
Alphabet has doubled the headcount in its Google Cloud unit since early 2019, according to data obtained by The Information, outstripping Alphabet’s overall hiring growth. The rapid growth helps explain why Google Cloud’s losses continue to widen even as its revenue grows rapidly. Google’s hardware unit and YouTube also each roughly doubled headcount between the first quarter...
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The Information’s Top Tech-Adjacent Gifts for 2022
After the roller-coaster ride of the past month, everyone needs a little retail therapy. So, in honor of Black Friday and the upcoming holiday season, we’ve put together our annual gift guide, asking The Information’s staffers to share their favorite tech and tech-adjacent purchases of the last year.