Chinese food delivery giant Meituan beats Q3 revenue estimates

Chinese food delivery giant Meituan beats Q3 revenue estimates

FILE PHOTO: The logo of food delivery giant Meituan is seen at the 2021 China International Fair for Trade in Services (CIFTIS) in Beijing, China September 3, 2021. REUTERS/Florence Lo/ FILE PHOTO

China’s largest food delivery firm Meituan posted a bigger-than-expected 22.4% rise in third-quarter revenue on Friday, defying sluggish Chinese consumption.

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