BEIJING: Chinese language food delivery company Meituan posted the better-than-expected 16. 4 per cent rise in quarterly revenue on Friday (Aug 26), as the business fared much better than expected in a period that saw a resurgence of COVID-19 cases in China and taiwan.
Total revenue rose to 50. 94 billion yuan (US$7. forty two billion) for the one fourth ended June from a year earlier, defeating the 48. fifty nine billion yuan expected on average by 14 analysts, Refinitiv Eikon data showed.