The platform, whose app provides services such as bike-sharing, ticket-booking and maps, reported June-September revenue of 76.47 billion yuan ($10.69 billion), versus 62.62 billion yuan in the same period a year earlier.
Meituan posted a profit of 3.59 billion yuan versus profit of 1.22 billion yuan a year earlier.
Meituan CEO Wang Xing previously flagged a tougher third quarter for the food delivery business due to macroeconomic headwinds.
A Meituan delivery worker rides a scooter carrying vegetables on a snowy day in Beijing, China January 19, 2021.
REUTERS/Tingshu Wang/File Photo Acquire Licensing RightsQuarterly revenue from core local commerce, which includes food delivery as well as non-food delivery service Meituan Instashopping, rose 24.5% to 57.69 billion yuan.
Persons:
Meituan, LSEG, Wang Xing, Tingshu Wang, Ele.me, ChinaIRN, John Choi, Wang Huiwen, ChatGPT, Casey Hall, Christopher Cushing, Edmund Klamann
Organizations:
HK, REUTERS, Alibaba Group, Meituan, Microsoft, Thomson
Locations:
SHANGHAI, Beijing, China, Hong Kong, Southeast Asia