Chinese food delivery giant Meituan beats estimates with 21% revenue jump

Chinese food delivery giant Meituan beats estimates with 21% revenue jump

FILE PHOTO: Delivery workers pick up goods at a logistics station of online grocery platform by Meituan in Beijing, China November 23, 2022. REUTERS/Tingshu Wang/File Photo

Chinese food delivery giant Meituan posted a bigger than expected 21% rise in second-quarter revenue on Wednesday, defying a slowing Chinese economy.