Meituan reduces losses on new initiatives, plays down ByteDance threat

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Meituan reduces losses on new initiatives, plays down ByteDance threat

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Meituan posted total revenue of RMB 220 billion ($32.0 billion) for 2022, a 22.8% increase compared to the previous year, according to the Chinese life services giant’s latest financial results, published on March 24. This growth rate was the strongest among China’s internet majors over the year…
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