Food delivery giant Meituan posts strong third-quarter revenue amid consumer spending growth

>>REAL-TIME UPDATES IN THE WIRE. CLICK HERE<<<

Meituan, operator of China’s largest e-commerce platform for services, beat third-quarter revenue estimates on Monday, as the domestic economy continued to recover amid increased consumer spending and robust growth in the company’s food delivery business.

Meituan reported a 28.8 per cent rise in revenue to 35.4 billion yuan (US$5.4 billion) in the quarter ended September 30, up from 27.5 billion yuan in the same period last year, after the market closed on Monday. That was ahead of the market consensus of 34 billion yuan from a survey of . . .

Sign In or Subscribe To Get Full Access.

Everything you need about China markets is on THE WIRE - one timeline with up-to-the-minute updates throughout every trading day.

Follow China Market In The Most Efficient Way!

TRY US FOR FREE