Meituan Dianping scales down bike and car-sharing efforts as revenue grows to $2.75B, up 97% YoY, and losses triple to ~$497M in Q3, its first quarter since IPO (Rita Liao/TechCrunch)

Rita Liao / TechCrunch:
Meituan Dianping scales down bike and car-sharing efforts as revenue grows to $2.75B, up 97% YoY, and losses triple to ~$497M in Q3, its first quarter since IPO  —  A major player in the race to transport Chinese people around is losing steam.  Meituan Dianping, the Tencent-backed …

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