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MEITUAN-W Rebounds to Return to $100 Mark on Launch of Open Source Foundation Model, LongCat-Flash
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MEITUAN-W (03690.HK) officially released and opened source for its large model, LongCat-Flash, utilizing an innovative hybrid expert model architecture with a total of 560B parameters and activation parameters ranging from 18.6B to 31.3B, so as to achieve dual optimization of computational efficiency and performance, with inference speed exceeding 100 tps.

MEITUAN-W's share price opened 1.17% lower at $102.7 today (1 September), and once cascaded 4.6% to a low of $98. The stock then rebounded, and last added 0.19% to $102.9, with a trading volume of 90.5414 million shares, involving $9.155 billion.

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