Press "Enter" to skip to content

Meituan records 77 per cent growth in Q2 revenue, net loss widens due to heavy investment in new initiatives

China's food delivery and on-demand service giant Meituan reported stronger-than-expected earnings for the second quarter, despite the government’s antitrust investigation and the regulatory scrutiny of the country’s technology sector.

Meituan's revenue jumped 77 per cent year over year in the quarter ended June to 43.8 billion yuan, up from 24.7 billion yuan a year earlier, driven by stellar growth from its food delivery and new business initiatives. That . . .


To continue reading, please subscribe. For only $0.8 per day, you will get:


  • ORIGINAL & DATA-DRIVEN STORIES - We focus on the most important business events and the key trends in China's economy and financial markets, with details that you don't see elsewhere.
  • THE WIRE - An all-in-one platform with real-time updates of market-moving news and views sourced from a network of journalists, traders, brokers, analysts, etc. and from multiple reliable news outlets in mainland China. Here are some screenshots of our wire service.
  • DATA  - We provide data, including some high frequency data from government agencies, research institutes and industry bodies to help you get timely and detailed understanding of what is going on in China's economy and markets.
  • WEEKLY NEWSLETTER - A summary of the week's top news distilled into one email.


We highly value independence. Subscriptions by you and thousands of intelligent readers like you are extremely important for us!

FREE TRIAL cancel anytime

Already have an account? Sign In