Meituan Dianping’s quarterly earnings beat estimates as China food delivery market recovers

//Meituan Dianping’s quarterly earnings beat estimates as China food delivery market recovers

Meituan Dianping’s quarterly earnings beat estimates as China food delivery market recovers

Meituan Dianping, China’s largest on-demand services provider, beat second-quarter earnings estimates on Friday, as demand for food delivery recovered across the country after the coronavirus lockdowns.The Beijing-based company reported on Friday a 152.4 per cent increase in net profit to 2.2 billion yuan (US$318 million) in the quarter ended June 30, up from 875.8 million yuan in the same period last year, primarily because of an increase in tax returns and preference. Market analysts’…

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By | 2020-08-21T13:42:27+00:00 August 21st, 2020|Technology|Comments Off on Meituan Dianping’s quarterly earnings beat estimates as China food delivery market recovers