Di Yi Cai Jing·2025-12-03 10:16Core Insights - This year is described as the most active year for Meituan Dragon Ball in its approximately 8-year history, with a significant increase in investment activity [1] - The capital market is characterized by a state of "revival" and "diversity" [1] - The gap between AI capabilities in China and the US has significantly narrowed, with doubts about this disparity largely diminished [1] Investment Activity - Meituan Dragon Ball has made numerous investments in 2023, marking a peak in their investment volume [1] - The firm invested in Kimi this year, reflecting its active engagement in the market [1] AI Development - The discourse around the AI gap between China and the US has shifted, with fewer questions raised about the differences in capabilities [1] - The gap in state-of-the-art (SOTA) AI models between China and the US has reportedly reduced to a timeframe of six months [1]