Rising costs for Meituan’s core food delivery business drove fourth quarter losses.
Search results
Posted inThe Numbers
Hello Inc becomes first Chinese bike rental firm to file for US IPO
Despite the positive news, the filing reveals that Hello Inc. still has a ways to go to reach maturity. The company has faced massive losses.
Posted inThe Numbers
Meituan pared losses in Q1 as cost controls gain traction
Meituan’s Q1 results show that its more disciplined expansion strategy is paying off.
Posted inThe Numbers
Meituan Dianping posts Q2 profit bolstered by food delivery high season
Company CFO said that the company profitability was a seasonal phenomenon.
Posted inThe Numbers
Joy Capital closes over $700 million new fund for TMT and consumption
Luckin backer reloads for another round of startups.
Posted inThe Numbers
Meituan Dianping rumored to list in Hong Kong in September
Meituan’s current valuation according to international investors is between $40 billion and $60 billion.
