Chinese food delivery giant Meituan reports revenue of $5.8B in Q4, up 35% YoY, and a loss of ~$300M as it continues to invest heavily in community group buying — Fierce competition in China’s community group buying market took a toll as Meituan’s profits plunged 250 per cent for the quarter Revenue …
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Chinese Food Delivery Giant Meituan Reports Revenue Of $5.8B In Q4, Up 35% YoY, And A Loss Of ~$300M As It Continues To Invest Heavily In Community Group Buying (South China Morning Post)
By uzairNo Comments1 Min Read
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Uzair is a features writer at Cafeer.de. He is a graduate of Emerson College and recently completed the MFA in writing.
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