Meituan beats expectations with strong Q3 results and quick commerce gains
The Chinese delivery giant outperformed forecasts after making headway in quick commerce. Earnings season is winding down, closing on a high note with Meituan surpassing revenue and profit expectations for the third quarter. The company reported a 22% year-on-year (YoY) revenue increase to RMB 93.6 billion (USD 13.1 billion) and a 124% YoY jump in adjusted net profit to RMB 12.83 billion (USD...
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