Meituan swings to profit in Q2 as price wars subside
Meituan swings to profit in Q2 as price wars subside SHANGHAI, Aug 28 (Reuters) - Chinese food delivery group Meituan 3690.HK reported quarterly non-IFRS adjusted net profit of 2.523 billion yuan ($375.44 million) and second-quarter revenue of 104.6 billion yuan on Friday.
($1 = 6.7201 Chinese yuan renminbi)
(Reporting by Casey Hall in Shanghai
Editing by Tomasz Janowski)
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