China's Meituan launches $1 billion share buyback program
Chinese food delivery giant Meituan on Wednesday confirmed it had authorised a share buyback of up to $1 billion in value, a day after its chief executive…
Source: biztoc.com
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Chinese Food-Delivery Billionaire Wang Xing Suffers $6.6 Billion Wealth Plunge As Growth Wanes
The 44-year-old mogul still has a sizeable net worth of $9.3 billion, but he is having trouble convincing investors skeptical of the firm’s future outlook.
Source: forbes.com
China food delivery firm Meituan beats revenue expectations amid economic headwinds
SHANGHAI :China's Meituan posted a bigger-than-expected 22.1per cent rise in third-quarter revenue on Tuesday, as the country's largest food delivery firm extended its recovery from the pandemic impact of last year.The platform, whose app provides services such as bike-sharing, ticket-booking and maps, report
Source: todayonline.com
China's Meituan sees softer Q4 food delivery revenue growth
SHANGHAI :China's Meituan on Tuesday said it expects fourth-quarter revenue growth for its core food delivery business to slow versus the preceding quarter, as persistent consumer caution and warmer weather for the winter season hits orders. Deliveries will also likely decline versus the same period last year
Source: channelnewsasia.com
Meituan cautious as profit triples
Agencies and staff reporter Meituan (3690) nearly tripled its net profit to 3.59 billion yuan (HK$3.93 billion) in the third quarter from a ...
Source: thestandard.com.hk