Meituan remains under an antitrust investigation by the State Administration for Market Regulation. Photo: Bloomberg
Meituan posts 77 per cent quarterly revenue growth despite concerns over antitrust investigation
- China’s largest food delivery and on-demand local services provider posted market-beating second-quarter revenue of US$6.8 billion
- The company incurred a net loss of US$525 million, as its new initiatives and others segment continued to rack up losses
Meituan remains under an antitrust investigation by the State Administration for Market Regulation. Photo: Bloomberg