Meituan's end to car chase is an express ticket to profitability

Meituan's end to car chase is an express ticket to profitability

Wang Xing and a delivery worker strike a gong during the company's listing ceremony on Sept. 20. Photographer: Anthony Kwan/Bloomberg

Earlier this month, Meituan Dianping Chairman and CEO Wang Xing pledged to curb spending on his ride-hailing business.

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