Meituan, China's largest on-demand services provider, became the focus of an investigation by antitrust authorities in April. Photo: LightRocket via Getty Images
Meituan, China's largest on-demand services provider, became the focus of an investigation by antitrust authorities in April. Photo: LightRocket via Getty Images
E-commerce

Food delivery giant Meituan to deepen dialogue with regulators after beating estimates to post first-quarter revenue growth

  • Meituan’s first-quarter revenue reached US$5.8 billion, up 120.9 per cent from a year earlier
  • Net losses widened to US$752 million because of heavy investment in new retail initiatives

Meituan, China's largest on-demand services provider, became the focus of an investigation by antitrust authorities in April. Photo: LightRocket via Getty Images
Meituan, China's largest on-demand services provider, became the focus of an investigation by antitrust authorities in April. Photo: LightRocket via Getty Images
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