2022-11-25 08:40:51

Chinas Meituan beats quarterly revenue estimates

Logo Channel NewsAsia
Channel NewsAsia
By Cna

Best News Website or Mobile Service

WAN-IFRA Digital Media Awards Worldwide

Best News Website or Mobile Service

Digital Media Awards Worldwide

BEIJING : Chinese food delivery giant Meituan reported on Friday better than expected quarterly revenue growth of 28.2 per cent as the company recovered from COVID-19 curbs.

Meituan, whose services also include restaurant reviews and bike-sharing, said total revenue rose to 62.62 billion yuan ($8.74 billion) in the three months ended September, compared with analysts' average estimate of 61.79 billion yuan, according to Refinitiv data.

Continue read on channelnewsasia.com

Logo South China Morning Post
Business / FinanceBy Ben Jiang2022-11-23 23:00:11
A steady rise in revenue could help shore up investor confidence in Meituan, after Covid-19 lockdowns dealt a blow to restaurants and hotels Still, the...

Logo South China Morning Post
Business / FinanceBy Ann Cao2022-11-24 10:30:16
Revenue in Chinas video gaming market rose 4.7 per cent from September to October, according to video gaming intelligence firm CNG The growth was driven by...

Logo Channel NewsAsia
Business / FinanceBy Cna2022-11-23 09:45:29
Best News Website or Mobile Service WAN-IFRA Digital Media Awards Worldwide Best News Website or Mobile Service Digital Media Awards Worldwide SHANGHAI :...

Logo Channel NewsAsia
Business / FinanceBy Cna2022-11-23 09:45:29
Best News Website or Mobile Service WAN-IFRA Digital Media Awards Worldwide Best News Website or Mobile Service Digital Media Awards Worldwide SHANGHAI...

Logo Channel NewsAsia
Business / FinanceBy Cna2022-11-25 06:18:10
Best News Website or Mobile Service WAN-IFRA Digital Media Awards Worldwide Best News Website or Mobile Service Digital Media Awards Worldwide SHANGHAI :...

Logo South China Morning Post
EconomyBy Ji Siqi2022-11-25 00:30:19
Henan province, home to the worlds largest iPhone factory, assembled and exported 8.4 million smartphones in October, down by 1.7 million from the previous...

Logo Nasdaq
Business / FinanceBy Rtt News2022-11-23 11:24:31
(RTTNews) - Jiayin Group Inc. (JFIN), a fintech platform in China, reported nearly 100% growth in profit in the third quarter, helped particularly by growth...

Logo Channel NewsAsia
Business / FinanceBy Cna2022-11-25 02:49:44
Best News Website or Mobile Service WAN-IFRA Digital Media Awards Worldwide Best News Website or Mobile Service Digital Media Awards Worldwide TAIPEI :More...

Logo Channel NewsAsia
Business / FinanceBy Cna2022-11-25 05:49:50
Best News Website or Mobile Service WAN-IFRA Digital Media Awards Worldwide Best News Website or Mobile Service Digital Media Awards Worldwide TAIPEI :...

Logo PR Newswire
BEIJING, Nov. 24, 2022 /PRNewswire/ -- Quhuo Limited (NASDAQ: QH) ("Quhuo" or "the Company"), a leading gig economy platform focusing on local...

Logo Bloomberg
Technology2022-11-23 09:51:10
Xiaomi Corp. ’s quarterly revenue fell almost 10% as it battled a slumping global smartphone market and weak consumer demand at home. The Beijing-based...

Logo Channel NewsAsia
Business / FinanceBy Cna2022-11-25 05:49:00
Best News Website or Mobile Service WAN-IFRA Digital Media Awards Worldwide Best News Website or Mobile Service Digital Media Awards Worldwide TAIPEI:...

Logo RTTNews
EconomyBy Rtt News Staff Writer2022-11-25 08:41:10
Asian stocks slipped on Friday but posted weekly gains on optimism over a less hawkish Fed. A cautious undertone prevailed amid concerns over record-high...

Logo The Economist
Business / FinanceBy The Economist2022-11-24 15:11:18
F ew jobs are guaranteed to turn hair grey faster than running operations for a multinational business in China. Diplomatic spats and consumer boycotts are...

Logo Channel NewsAsia
Business / FinanceBy Cna2022-11-25 02:49:44
Best News Website or Mobile Service WAN-IFRA Digital Media Awards Worldwide Best News Website or Mobile Service Digital Media Awards Worldwide TAIPEI : More...

Logo Channel NewsAsia
Business / FinanceBy Cna2022-11-24 21:33:12
Best News Website or Mobile Service WAN-IFRA Digital Media Awards Worldwide Best News Website or Mobile Service Digital Media Awards Worldwide A look at the...

Logo Investing.com
EconomyBy Geoffrey Smith/Investing Com2022-11-24 11:55:22
By Geoffrey Smith Investing.com -- It's Thanksgiving, and U.S. stock markets are closed for a well-deserved rest. The rest of the world is giving thanks for...

Logo Benzinga
Business / FinanceBy Acn Newswire2022-11-24 10:10:10
Company's loss before tax continues to narrow on higher revenue contribution from civil engineering and manufacturing divisions KUALA LUMPUR, Nov 24, 2022 -...

Logo Benzinga
Business / FinanceBy Pr Newswire2022-11-24 11:30:00
Highlights YTD 2022 net income up 28.3% to $8.6 million (EPS 1 : $0.17), versus $6.7M (EPS: $0.13) in 2021 Q3 2022 net income up 12.6% to $3.1 million ( EPS:...

Logo PR Newswire
EconomyPress Release2022-11-24 11:30:00
Highlights YTD 2022 net income up 28.3% to $8.6 million (EPS 1 : $0.17 ), versus $6.7M (EPS: $0.13 ) in 2021 Q3 2022 net income up 12.6% to $3.1 million (...