not vested
Meituan net soars 374pc to 6.3b yuan in quarterMeituan said revenue rose 28.8 percent in July-September versus the same period a year prior to 35.40 billion yuan. That compared with the 33.88 billion yuan average of 15 analyst estimates,.
Food delivery, which accounts for over half of Meituan's total revenue, posted revenue growth of 32.8 percent to 20.69 billion yuan.
Its in-store, hotel and travel sector saw its first revenue growth since the pandemic - a rise of 4.8 percent to 6.48 billion yuan.
The number of transacting users was up 9.4 percent to 476.5 million.
The number of active merchants rose 9.5 percent to 6.5 million.
Beijing-based Meituan has been expanding into new areas, such as fresh food - a sector boosted by pandemic lockdown measures.
In July, it launched
group-buying business Youxuan to explore fresh food opportunities in China's small cities. Meituan has pledged to grab a slice of this booming market, with a goal to introduce the service to 1,000 cities by year-end.
Source: The Standard
https://www.thestandard.com.hk/section- ... in-quarter
It's all about "how much you made when you were right" & "how little you lost when you were wrong"