Day: May 26, 2020

China’s food delivery giant Meituan hits $100B valuation amid pandemic – TechCrunch

Meituan’s shares hit a record high on Tuesday, bringing its valuation to over $100 billion.

The Hong Kong-listed giant, which focuses on food delivery with smaller segments in travel and transportation, is the third Chinese firm to reach the landmark valuation. Tencent and Alibaba respectively topped the number back in 2013 and 2014.

Tencent-backed Meituan saw shares rally to HK$138 ($17.8) on Tuesday after it earmarked a smaller-than-projected decrease in revenue during Q1 and a net loss of 1.58 billion yuan ($220 million) after three consecutive profitable quarters.

While nationwide lockdowns might have increased the need for food delivery, Chinese consumers have been tightening their belt amid a worsening economy triggered by COVID-19. Overall food delivery transactions slid as a result. Meituan also had to pay incentives to delivery riders who work during the pandemic and subsidies to merchants to keep their heads above the water.

There’s one silver

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How to run an SSH connection through Tor

Looking for a way to gain a bit more security and privacy for your SSH connections? Jack Wallen shows you how with the help of Tor.

Image: iStockphoto/Nature

SSH is, by design, a fairly secure means of gaining shell access to remote machines. However, there are always ways to eke out a bit more security and privacy from these connections.

One such method is with the help of Tor. With Tor, you can add a level of anonymity and even hide your services from prying/hacking eyes.

I’m going to walk you through the process of making SSH connections over Tor. The process isn’t terribly difficult so anyone that administers SSH should be able to make this work.

SEE: Security Awareness and Training policy (TechRepublic Premium)

What you’ll need

I’ll be demonstrating on two Ubuntu server machines, but the process will work with just about any Linux distribution. You’ll also need

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