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Chinese Food Delivery Giant Meituan’s Revenue Beats Expectations

By
Juro Osawa
· · Source: The Information

Meituan, China’s biggest food delivery and on-demand services app, reported a 25% rise in revenue for the quarter through March, beating analysts’ expectations. The company’s food delivery business, its biggest source of revenue, grew 17%. Revenue from another major business segment that consists of relatively new operations such as a type of online grocery service known as community group...

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