Meituan books 2% rise in third-quarter revenue but net income slumps
BEIJING, Nov 28 (Reuters) - China's leading food delivery group, Meituan 3690.HK, reported on Friday a 2% rise in third-quarter revenue, beating analyst estimates, as it intensifies efforts to compete for market share in the instant retail sector, where goods are delivered within an hour. (Reporting by Beijing Newsroom; Editing by Jacqueline Wong) ((Ethan.Wang@thomsonreuters.com;))
Recent news on Meituan
See all newsMedia: Chinese food-delivery firm Meituan considers dim sum bond sale - Bloomberg News
China's Moonshot AI to operate in Singapore, jobs post shows
Prosus-owned iFood buys Brazil’s Caju to expand food voucher footprint (updated)
Prosus-owned iFood buys Brazil’s Caju to expand food voucher footprint
Moonshot execs in talks to settle dispute with shareholder ahead of planned IPO, people say