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ios developer account:Chinau0027s Meituan Q3 revenue beats estimates as food delivery demand rebounds

admin2020-12-2471

BEIJING, Nov 30 - Chinese food delivery giantMeituan on Monday reported third-quarter revenue thatbeat market forecasts, driven by a recovery in on-demandservices after the end of restrictions on businesses andmovement imposed to curb the spread of COVID-19. Meituan, whose services include restaurant reviews and bikesharing, said revenue rose 28.8% in July-September versus thesame period a year prior to 35.40 billion yuan ($5.38 billion). That compared with the 33.88 billion yuan average of 15analyst estimates, showed IBES data from Refinitiv. REUTERS
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