Meituan’s profitability improves, revenues drive forward

Meituan’s profitability improves, revenues drive forward

Tech in Asia·2024-03-22 20:01

Here are three key takeaways from the fourth quarter 2023 results of Chinese food delivery platform Meituan:

1. Healthy revenue growth

The company recorded 2023 revenues of 277 billion yuan (US$38 billion), up by 25.8% compared to the previous year. For the fourth quarter, revenue grew 22.6% year on year to US$10 billion.

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