China’s Meituan posts 16.4% jump in Q2 revenue, beats estimate
2022.08.26 11:58
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FILE PHOTO: Meituan delivery drivers sit on their vehicles near a giant screen showing a news conference by Chinese Premier Li Keqiang, following the closing session of the National People’s Congress (NPC) at the Great Hall of the People in Beijing, China
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BEIJING (Reuters) – Chinese food delivery company Meituan posted a better-than-expected 16.4% rise in quarterly revenue on Friday, as its business fared better than expected in a period that saw a resurgence of COVID-19 cases in China.
Total revenue rose to 50.94 billion yuan ($7.42 billion) for the quarter ended June from a year earlier, beating the 48.59 billion yuan expected on average by 14 analysts, Refinitiv Eikon data showed.
($1 = 6.8623 Chinese yuan renminbi)
