New initiatives

Improving revenue and profit performance in Meituan’s recently released first-quarter results show the food delivery giant’s efforts at developing its new businesses are paying off.

Meituan’s new business initiatives bear fruit

The company’s core local commerce business revenue increased 27.4% in the first quarter, as its money-losing new businesses also grew by 18.5% amid narrowing operating losses 　 By KGI Asia…
3690.HK

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