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27.05.25 - 06:06
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Meituan revenue jumps 18% in first quarter (SCMP)
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Chinese on-demand local services giant Meituan posted an 18.1 per cent year-on-year surge in revenue for the first quarter, as it seeks to maintain its dominant position on the mainland in the food delivery market amid new competition.
Meituan's revenue for the three months through March was 86.6 billion yuan (US$12 billion). Net profit reached 10.1 billion yuan, up 87.3 per cent year on year.
The Beijing-based firm said in a statement that its instant commerce business, Instashopping,......
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29.11.24 - 10:03
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Chinese food delivery giant Meituan beats quarterly revenue estimates (Reuters EN)
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Chinese food delivery giant Meituan beats quarterly revenue estimates SHANGHAI, Nov 29 (Reuters) - China's largest food delivery firm Meituan 3690.HK posted a bigger-than-expected 22.4% rise in third-quarter revenue on Friday, defying sluggish Chinese consumption. Meituan, which has an app that provides services as varied as bike-sharing, ticket-booking and maps, reported revenue in the three months to Sept....
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