Chinese food delivery giant Meituan reports revenue of $5.8B in Q4, up 35% YoY, and a loss of ~$300M as it continues to invest heavily in community group buying (South China Morning Post)

South China Morning Post:
Chinese food delivery giant Meituan reports revenue of $5.8B in Q4, up 35% YoY, and a loss of ~$300M as it continues to invest heavily in community group buying  —  Fierce competition in China's community group buying market took a toll as Meituan's profits plunged 250 per cent for the quarter Revenue …

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