Friday, March 25, 2022

Meituan reports Q4 revenue of $7.78B, up 31% YoY, and a net loss of $830M, amid weakening Chinese consumer spending and regulatory pressures (Jane Zhang/Bloomberg)

Jane Zhang / Bloomberg:
Meituan reports Q4 revenue of $7.78B, up 31% YoY, and a net loss of $830M, amid weakening Chinese consumer spending and regulatory pressures  —  Meituan's revenue slowed for the third straight quarter after weakening Chinese consumer spending and regulatory pressures constrained its online food and travel businesses.



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