Chinese food delivery giant Meituan reported a third consecutive loss of $519M in Q2, compared to a $341M profit last year, while revenue rose 77% YoY to $6.8B (Chong Koh Ping/Wall Street Journal)
Chong Koh Ping / Wall Street Journal:Chinese food delivery giant Meituan reported a third consecutive loss of $519M in Q2, compared to a $341M profit last year, while revenue rose 77% YoY to $6.8B — Under pressure amid crackdown, CEO says ‘fine-tuning’ of business will be long-term positive — Chinese food-delivery giant …
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Chong Koh Ping / Wall Street Journal:
Chinese food delivery giant Meituan reported a third consecutive loss of $519M in Q2, compared to a $341M profit last year, while revenue rose 77% YoY to $6.8B — Under pressure amid crackdown, CEO says ‘fine-tuning’ of business will be long-term positive — Chinese food-delivery giant …
