Meituan, China’s largest on-demand services provider, had more than 5 million delivery couriers as of December 31, 2021. Photo: Reuters
Meituan, China’s largest on-demand services provider, had more than 5 million delivery couriers as of December 31, 2021. Photo: Reuters
Meituan

Meituan, China’s biggest on-demand delivery provider, posts wider quarterly loss amid regulatory pressure

  • China’s largest on-demand services provider posted a net loss of US$832 million in the fourth quarter that was less than analysts’ consensus estimate
  • The company swung to a US$3.7 billion loss for the whole of 2021, compared with a US$737 million net profit in 2020

Meituan, China’s largest on-demand services provider, had more than 5 million delivery couriers as of December 31, 2021. Photo: Reuters
Meituan, China’s largest on-demand services provider, had more than 5 million delivery couriers as of December 31, 2021. Photo: Reuters
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