Meituan Achieves Solid Sales Growth on Global Expansion
Meituan reported better-than-expected sales in the past quarter after an aggressive push into new markets outside mainland China.
Sales for the three-month period ending in March reached 86.6 billion yuan ($12.1 billion), while analysts on average expected 85.4 billion yuan. Net income totaled 10.1 billion yuan, versus the average analyst estimate of 8.63 billion yuan.
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