Net Profit: Meituan, the Chinese company, is expected to report a net profit of 3.35 billion Chinese yuan ($459.3 million) for the quarter ending June 30th. This is a significant improvement from a net loss of CNY1.12 billion during the same period last year. Revenue: Analysts estimate that Meituan's second-quarter revenue has increased by 31% compared to the previous year, … [Read more...] about Meituan’s Second-Quarter Results
Meituan
Meituan Reports Net Profit in Q2
Chinese tech company Meituan announced on Thursday that it had recorded a net profit in the second quarter, largely due to the increased demand for food delivery services. The company reported a net profit of 4.69 billion yuan ($644.4 million) for the period ending in June, a significant improvement from the net loss of CNY 1.12 billion it experienced during the same period … [Read more...] about Meituan Reports Net Profit in Q2
