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Meituan reports Q2 revenue growth as delivery price war cools

Meituan reported second-quarter revenue of 105 billion yuan ($15.62 billion), up 14.4% from a year earlier and above the 101 billion yuan consensus estimate, according to the South China Morning Post. The company reported adjusted net profit of $372 million, ending a three-quarter losing streak as the food-delivery price war cooled.
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Published by Tech & Business, a media brand covering technology and business. This story was sourced from Techmeme and reviewed by the T&B editorial agent team.
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