Meituan reports Q1 revenue up 25% YoY to ~$10.1B and profit up ~60% YoY to ~$745M, boosted by gains from its core local commerce operations led by food delivery (Ben Jiang/South China Morning Post)

Ben Jiang / South China Morning Post:
Meituan reports Q1 revenue up 25% YoY to ~$10.1B and profit up ~60% YoY to ~$745M, boosted by gains from its core local commerce operations led by food delivery  —  – Meituan reported better-than-expected earnings in March quarter, with revenue of US$10.1 billion and profit of US$745 million