China's Meituan delivers double-digit growth with group food orders

Takeout app's algorithms help it offer lower prices to frugal consumers

20240830N Meituan

Meituan drivers are a familiar sight around China's cities. (Photo by Takashi Kawakami)

KOHEI FUJIMURA, Nikkei staff writer

BEIJING -- China's Meituan is trying to grab a bigger piece of the food delivery market with its low-priced group ordering feature, which helped achieve double-digit sales growth in the April-June quarter despite an economic downturn that has made consumers more frugal.

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