Lates News

According to the average expectation of 16 analysts compiled by LSEG, this Chinese food delivery platform company is expected to announce a net profit of 9.49 billion yuan (13.3 billion US dollars). This number is lower than the 11.35 billion yuan from the same period last year. Revenue is expected to be 93.59 billion yuan, higher than the 82.25 billion yuan from the same period last year. With fierce competition in the food delivery industry, investors remain cautious about the prospects of Meituan, whose stock has dropped 20% since listing on the Hong Kong market earlier this year.