Meituan Dianping had its second consecutive quarter in the black. Good weather and restaurant ad revenue helped. As global rivals have found, though, the ingredients for sustainable profit are elusive, explains mak_robyn
Meituan Dianping on Nov. 21 reported a 44% rise in quarterly revenue, to 27.
5 billion yuan , from a year ago, more than analysts had been expecting, according to an average compiled by Refinitiv. The Chinese food-delivery company also said it generated a net profit – of 1.3 billion yuan – for the second consecutive quarter.
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