Meituan beats Q4 revenue expectations

Chinese language meals provide enormous Meituan posted on Friday a bigger-than-expected 22.6 per cent upward push in quarterly revenue, defying a slowing Chinese language economy.

Meituan – which has an app that supplies providers starting from bike-sharing to trace-booking and maps – reported revenue in the quarter to Dec. 31 of 73.7 billion yuan ($10.20 billion, versus 60.13 billion yuan in the the same period a year earlier.

The dwell consequence when in contrast with the 72.46 billion yuan life like of analyst estimates compiled by LSEG.

($1 = 7.2273 Chinese language yuan)