Chinese food delivery firm Meituan posts first quarterly profit since listing
Share:
BEIJING/SHANGHAI (Reuters) - China's Meituan Dianping , an online food delivery-to-ticketing firm, posted its first ever quarterly profit as a listed firm, as a surge in summer food delivery orders helped it beat competition from rivals including Alibaba-backed Ele.me. Meituan, backed by Chinese gaming giant Tencent Holdings Ltd , said it swung to a profit of 875.8 million yuan in the three months to end-June from a loss of 7.72 billion yuan (£892.65 million) in the year-ago period, the first..