BEIJING (Reuters) – Chinese food delivery giant Meituan reported on Friday better than expected quarterly revenue growth of 28.2% as the company recovered from COVID-19 curbs.
Meituan, whose services also include restaurant reviews and bike-sharing, said total revenue rose to 62.62 billion yuan ($8.74 billion) in the three months ended September, compared with analysts’ average estimate of 61.79 billion yuan, according to Refinitiv data.
($1 = 7.1615 Chinese yuan renminbi)
(Reporting by Yingzhi Yang and Brenda Goh; Editing by Mark Potter)
