Chinese food delivery firm Meituan says fourth-quarter revenue jumps 35% By Reuters
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© Reuters. FILE PHOTO: Signs of Meituan are seen at its booth at the 2020 China International Fair for Trade in Services in Beijing

BEIJING (Reuters) – Chinese food delivery giant Meituan on Friday reported fourth-quarter revenue that beat market forecasts, driven by a surge in on-demand services.

Meituan, whose services include restaurant reviews and bike sharing, said revenue rose 34.7% in October-December from a year earlier to 37.92 billion yuan ($5.80 billion)

That compared with the 39.17 billion yuan average of 14 analyst estimates, IBES data from Refinitiv showed.

($1 = 6.5417 renminbi)

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