Chinese meal delivery giant Meituan reports Q2 revenue up 21% YoY to ~$11.6B, above $11.3B est., as its core business expanded; its stock is up ~25% in 2024 (Bloomberg)

3 weeks ago 6

Bloomberg:
Chinese meal delivery giant Meituan reports Q2 revenue up 21% YoY to ~$11.6B, above $11.3B est., as its core business expanded; its stock is up ~25% in 2024 — The dominant player in Chinese meal delivery reported revenue of 82.3 billion yuan ($11.6 billion) for the June quarter, compared to the 80.4 billion yuan projection.

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