Rising costs for Meituan’s core food delivery business drove fourth quarter losses.
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.
Meituan’s Q1 results show that its more disciplined expansion strategy is paying off.
Company CFO said that the company profitability was a seasonal phenomenon.
Luckin backer reloads for another round of startups.
Meituan’s current valuation according to international investors is between $40 billion and $60 billion.