Will's Blog: Meituan reports Q2 revenue up 11.7% YoY to ~$12.8B and net income down 97% YoY to ~$51M, blaming "irrational competition" in the Chinese food delivery market (Bloomberg)

27 August 2025

Meituan reports Q2 revenue up 11.7% YoY to ~$12.8B and net income down 97% YoY to ~$51M, blaming "irrational competition" in the Chinese food delivery market (Bloomberg)

Bloomberg:
Meituan reports Q2 revenue up 11.7% YoY to ~$12.8B and net income down 97% YoY to ~$51M, blaming “irrational competition” in the Chinese food delivery market — Meituan's profit got wiped out in a price-based battle with rivals Alibaba Group Holding Ltd. and JD.com Inc. …

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