Meituan reports Q3 revenue up 28.2% YoY to ~$8.7B and ~$170M in profit, as its "core local commerce" segment, including food delivery and hotels, rose 24.6% YoY (Jane Zhang/Bloomberg)

Jane Zhang / Bloomberg:
Meituan reports Q3 revenue up 28.2% YoY to ~$8.7B and ~$170M in profit, as its “core local commerce” segment, including food delivery and hotels, rose 24.6% YoY  —  Meituan posted a 28% surge in revenue, affirming resilient demand in China for takeaway from people confined to home during the pandemic.