GUANGZHOU -- Chinese online-delivery service Meituan Dianping has hit a wall in just the half year since going public, joining a host of startups in the country that have lost steam after debuting on the stock market.
Meituan last week reported a net loss of 115.4 billion yuan ($17.2 billion) for 2018, as its touted purchase of bike-sharing giant Mobike turned costly due to major restructuring.
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