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Meituan returns to profit as Q1 revenue beats estimates

Chinese food delivery giant Meituan on Thursday returned to net profit in the first quarter on forecast-beating revenue. ....

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Meituan returns to profit as Q1 revenue beats estimates

Meituan returns to profit as Q1 revenue beats estimates
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Meituan reports Q4 revenue up 21.4% YoY to ~$8.67B, above ~$8.4B estimates, and a ~$157M loss; core local commerce revenue grew 17.4% YoY to ~$6.3B

Chinese food delivery giant Meituan (3690.HK) posted a bigger-than-expected 21.4% rise in quarterly revenue on Friday as it fended off competition from… ....

Alibaba Backed Ele , Reaking News ,

Chinese Food Delivery Giant Meituan Beats Q4 Estimates With 21.4% Revenue Jump

Chinese food delivery giant Meituan posted a bigger-than-expected 21.4% rise in quarterly revenue on Friday as it fended off competition from powerful rivals such as Alibaba-backed Ele.me. ....

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