TECH

Tech Brief (Sept. 29): Meituan’s Food-Delivery Platform Keeta Launches in Dubai

Published: Sep. 29, 2025 4:04 p.m. GMT+8

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Meituan’s food-delivery platform Keeta launches in the UAE

Meituan on Sept. 27 announced the launch of its international food-delivery brand, Keeta, in Dubai, United Arab Emirates. This marks Keeta’s third market entry in the Middle East in 40 days, following launches in Qatar in August and Kuwait in September.

AI chipmaker Moore Threads gets fast-track IPO approval

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Meituan launched its food-delivery brand Keeta in Dubai, the third Middle East entry in 40 days.
Tencent open-sourced its Hunyuan Image 3.0 and two 3D-generation models; the image model has 80B parameters.
Global AI glasses shipments are forecasted to rise 158% to 5.1 million units in 2025; China's LCD TV panel market share hit a record 74.6% in August.

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Who’s Who

Meituan: Meituan launched its international food-delivery brand, Keeta, in Dubai, UAE, on September 27. This marks Keeta's third market entry in the Middle East within 40 days, following launches in Qatar in August and Kuwait in September.

Moore Threads: Moore Threads is a Chinese AI chipmaker that recently received fast-track approval for its STAR Market IPO despite reporting significant net losses. Founded in October 2020 by former Nvidia China general manager Zhang Jianzhong, the company develops general-purpose GPUs to compete with Nvidia. Its CTO, Zhang Yubo, also previously worked at Nvidia.

Guangzhou Xaircraft Technology Co. Ltd.: Guangzhou Xaircraft Technology Co. Ltd., also known as XAG, is a Chinese agricultural-drone company founded in 2012. Initially focusing on consumer and logistics drones, it later pivoted to agricultural technology. XAG recently filed for an IPO on the Hong Kong Stock Exchange, marking its second attempt to go public in nearly four years.

Miniso Group Holding Ltd.: Miniso Group Holding Ltd. is the parent company of Top Toy, a toy brand that recently filed for an IPO on the Hong Kong Stock Exchange. The funds raised from this IPO are intended to enhance Top Toy's intellectual property portfolio, expand its global reach, strengthen its brand, and improve its digital capabilities.

Li Auto Inc.: Li Auto Inc. recently launched its third pure-electric vehicle model, the i6. This launch is a strategic move to regain sales momentum and address intense competition and slowing growth within the market. Li Auto is positioning the i6 as a crucial product for its future success.

Tencent: Tencent released and open-sourced its Hunyuan Image 3.0 model, an industrial-grade native multimodal image generation model with 80 billion parameters. It also open-sourced two 3D-generation models, Hunyuan 3D-Omni and Hunyuan 3D-Part. Hunyuan 3D-Omni is noted as the first 3D-generation framework supporting multiple conditional controls and input modalities, while Hunyuan 3D-Part allows flexible and controllable component splitting and generation.

Suzhou JoyIn Technology Co. Ltd.: Suzhou JoyIn Technology Co. Ltd., a consumer-grade embodied intelligence firm, recently completed a 200 million yuan early-stage funding round. This brings their total early-stage financing to nearly 500 million yuan. The funds will primarily support R&D of core components, robot bodies, motion control technology, and biomimetic consciousness models.

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What Happened When

October 2020：: AI chip company Moore Threads was founded.

May 2025：: The U.S. Federal Communications Commission launched its 'bad labs' initiative.

August 2025：: Keeta, Meituan’s international food-delivery brand, launched in Qatar.

September 2025：: Keeta, Meituan’s international food-delivery brand, launched in Kuwait.

By September 2025：: The U.S. Federal Communications Commission stripped 15 Chinese laboratories of their authority to certify communications equipment for the U.S. market since launching its 'bad labs' initiative in May 2025.

September 25, 2025：: Chinese agricultural-drone company XAG filed for an IPO on the Hong Kong Stock Exchange.

September 26, 2025：: Miniso’s toy brand Top Toy filed for an IPO on the Hong Kong Stock Exchange.

September 26, 2025：: Tencent Hunyuan released and open-sourced two 3D-generation models, Hunyuan 3D-Omni and Hunyuan 3D-Part.

September 27, 2025：: Meituan announced the launch of Keeta in Dubai, UAE.

September 28, 2025：: Tencent released and open-sourced its Hunyuan Image 3.0 model.

September 28, 2025：: Suzhou JoyIn Technology Co. Ltd. announced the completion of a 200 million yuan early-stage funding round.

September 28, 2025：: Market research firm Omdia released a report projecting global AI glasses shipments would surge 158% year-on-year in 2025.

September 28, 2025：: Research firm Beijing Runto Technology Co. Ltd. released a report stating that Chinese mainland manufacturers’ share of the global LCD TV panel market reached a record high in August 2025.

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