BEIJING (Reuters) – Chinese food delivery giant Meituan on Friday reported a better-than-expected 30.6% rise in fourth-quarter revenue, helped by steady growth in its core business.
Meituan, whose services also include restaurant reviews and bike sharing, said revenue rose to 49.5 billion yuan ($7.78 billion) in the quarter ended Dec. 31.
Analysts on an average had expected revenue of 49.20 billion yuan, Refinitiv Eikon data showed.
($1 = 6.3645 Chinese yuan renminbi)
(Reporting by Yingzhi Yang and Brenda Goh; editing by Jason Neely)
