Chinese food delivery major Meituan's revenue up 25%, beats estimates

Chinese food delivery major Meituan's revenue up 25%, beats estimates

FILE PHOTO: Visitors stand near a booth of Meituan at the 2022 World Robot Conference in Beijing, China August 18, 2022. REUTERS/Tingshu Wang/File Photo

China’s leading food delivery group Meituan on Thursday reported a bigger-than-expected 25% rise in quarterly revenue, defying a slowing Chinese economy.