Meituan’s newly-launched food delivery platform Kee Ta in Hong Kong. Photo: SCMP/Elson Li
Meituan’s newly-launched food delivery platform Kee Ta in Hong Kong. Photo: SCMP/Elson Li
E-commerce

Food delivery giant Meituan reports 27 pc revenue growth as demand rebounds after lifting of Covid curbs in China

  • The Beijing-based firm said its total revenue was 58.62 billion yuan for the three months to end-March
  • Net profit was 3.36 billion yuan from a 5.7 billion yuan loss a year ago, thanks to cost-cutting efforts and a rebound in food sector

Meituan’s newly-launched food delivery platform Kee Ta in Hong Kong. Photo: SCMP/Elson Li
Meituan’s newly-launched food delivery platform Kee Ta in Hong Kong. Photo: SCMP/Elson Li

Corrected [7:52pm, 25 May, 2023]

  • [7:52pm, 25 May, 2023]

    Corrects to state Meituan returned to a net profit of 3.36 billion yuan in the first quarter

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