Even Covid-time losses haven’t slowed Meituan Dianping down.
Quite the opposite. On 25 May, the day after its quarterly financial results came out, the Chinese super app’s share price on the Stock Exchange of Hong Kong was up 10%. It’s only risen since.
The results showed Meituan’s overall losses overall losses South China Morning Post Food delivery giant Meituan Dianping posts quarterly revenue decline amid Covid-19 disruptions Read more widen 32% year-on-year to 1.7 billion RMB (US$240 million) between January-March 2020.