Tech Nuggets with the Technology: Chinese food delivery service Meituan Dianping beats estimates with sales of $2.4B, net loss of $221M; Meituan stock rose 9.7%, taking its market cap to $100B+ (Zheping Huang/Bloomberg)

Monday, May 25, 2020

Chinese food delivery service Meituan Dianping beats estimates with sales of $2.4B, net loss of $221M; Meituan stock rose 9.7%, taking its market cap to $100B+ (Zheping Huang/Bloomberg)

Zheping Huang / Bloomberg:
Chinese food delivery service Meituan Dianping beats estimates with sales of $2.4B, net loss of $221M; Meituan stock rose 9.7%, taking its market cap to $100B+ — - CEO Wang Xing warns of persistent pressure over 2020 — Hotel and travel services hit by virus fears, travel curbs

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