Meituan Surpasses Revenue Expectations with $11.6B

By  
Artur Stańczuk
September 1, 2024
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Summary:

Meituan's revenue for Q2 reached $11.6B, exceeding expectations and marking an impressive rise from $9.5B last year. Despite China's slow economic recovery, the company benefited from delivering low-cost products. Profit margins also grew, doubling from 8.7% to 16.9%.

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