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China's Meituan swings to profit on food delivery rebound, flags headwinds
Aggregated Source: ChinaTechNews.com

SHANGHAI, Aug 24 (Reuters) – Chinese food delivery giant Meituan (3690.HK) on Thursday posted a bigger-than-expected 33.4% rise in second-quarter revenue, defying a slowing Chinese economy, though executives warned of headwinds for its core business in the quarter ahead.

Meituan, which offers an app that provides services such as bike-sharing, ticket-booking and maps, reported April-June revenue of 67.9 billion yuan ($9.33 billion), up from 50.9 billion a year earlier.

China's Meituan swings to profit on food delivery rebound, flags headwinds comes via ChinaTechNews.com.

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