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Chinese Food Delivery App Meituan’s Revenue Growth Slows

By Juro Osawa
· · Source: The Information

Chinese food delivery and on-demand services giant Meituan said its revenue rose 31% in the fourth quarter, the company’s slowest quarterly revenue growth in more than a year. Losses widened in the quarter as Meituan invested more in online grocery operations and other relatively new businesses. Meituan’s results come as China’s biggest tech companies are all grappling with the country’s...

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