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Chinese food delivery giant Meituan beats quarterly revenue estimates
stock :: 2024-11-29 :: source - reuters
By Reuters
Visitors stand near a booth of Meituan at the 2022 World Robot Conference in Beijing, China, Aug. 18, 2022. REUTERS/Tingshu Wang/File Photo Purchase Licensing Rights
SHANGHAI, Nov 29 (Reuters) - China's largest food delivery firm Meituan posted a bigger-than-expected 22.4% rise in third-quarter revenue on Friday, defying sluggish Chinese consumption.
Meituan, which has an app that provides services as varied as bike-sharing, ticket-booking and maps, reported revenue in the three months to Sept. 30 at 93.58 billion yuan ($12.94 billion), up from 76.47 billion yuan in the same period a year earlier.
($1 = 7.2329 Chinese yuan)
(Reporting by Casey Hall; Editing by Muralikumar Anantharaman and Jacqueline Wong)
[Source :: Reuters]
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