Meituan reports Q1 revenue of $6.9B, up 25% YoY, and a net loss of ~$855M, propelled by a 47% YoY increase in revenue from new businesses such as ride-hailing (Coco Liu/Bloomberg)

Coco Liu / Bloomberg:
Meituan reports Q1 revenue of $6.9B, up 25% YoY, and a net loss of ~$855M, propelled by a 47% YoY increase in revenue from new businesses such as ride-hailing  —  Meituan’s quarterly revenue grew 25%, after the Chinese food delivery titan withstood the economic fallout from coronavirus-related lockdowns in cities such as Shanghai.