Meituan remains under an antitrust investigation by the State Administration for Market Regulation. Photo: Bloomberg
Meituan remains under an antitrust investigation by the State Administration for Market Regulation. Photo: Bloomberg
Meituan

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
Meituan remains under an antitrust investigation by the State Administration for Market Regulation. Photo: Bloomberg
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