HONG KONG -- Meituan posted better-than-expected quarterly earnings on Friday, as the Chinese food delivery company aggressively expands with heavy discounting.
From October to December last year, Meituan logged total sales of 88.49 billion yuan ($12.2 billion), up 20.1% on the year and beating an average forecast of 87.7 billion yuan by analysts surveyed by LSEG.
