Chinese food delivery group Meituan's quarterly revenue beats expectations

Chinese food delivery group Meituan's quarterly revenue beats expectations

FILE PHOTO: The logo of food delivery giant Meituan is seen at the 2021 China International Fair for Trade in Services (CIFTIS) in Beijing, China September 3, 2021. REUTERS/Florence Lo/ FILE PHOTO

Chinese food delivery giant Meituan on Friday reported a bigger-than-expected 22.6% rise in quarterly revenue, defying a slowing Chinese economy and bolstering its ambitions to expand into other markets.