Chinese food delivery firm Meituan says fourth-quarter revenue jumps 35%


Source: truemedian.com truemedian.com

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Subscribe © Reuters. FILE PHOTO: Signs of Meituan are seen at its booth at the 2020 China International Fair for Trade in Services in Beijing BEIJING (Reuters) – Chinese food delivery giant Meituan on Friday reported fourth-quarter revenue that beat market forecasts, driven by a surge in on-demand services. Meituan, whose services include restaurant reviews and bike sharing, said revenue rose 34.7% in October-December from a year earlier to 37.92 billion yuan ($5.80 billion) That compared with the 39.17 billion yuan average of 14 analyst estimates, IBES data from Refinitiv showed. ($1 = 6.5417 renminbi) Disclaimer: Fusion Media would like...