Meituan reports growth in revenue and profits, cuts losses by half on new initiatives

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Chinese food delivery giant Meituan has reported better-than-expected earnings for the first three months of this year, posting a 25% revenue increase to RMB 73.3 billion ($10.1 billion). Its core local business generated RMB 54.6 billion fueled by strong takeaway orders. Net profit for the quarter rose to RMB 5.4 billion compared to RMB 3.4[…[…
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作者 gocpmall