BEIJING (Reuters) – Chinese food delivery giant Meituan on Friday reported fourth-quarter revenue that beat market forecasts, driven by a surge in on-demand services.
Meituan, whose services include restaurant reviews and bike sharing, said revenue rose 34.7% in October-December from a year earlier to 37.92 billion yuan ($5.80 billion)
That compared with the 39.17 billion yuan average of 14 analyst estimates, IBES data from Refinitiv showed.
($1 = 6.5417 Chinese yuan renminbi)
(Reporting by Yingzhi Yang and Ryan Woo in Beijing; Editing by Miyoung Kim, Christopher Cushing and Toby Chopra)
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