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BEIJING: Chinese food delivery company Meituan posted a better-than-expected 16.4 per cent rise in quarterly revenue on Friday (Aug 26), as its business fared better than expected in a period that saw a resurgence of COVID-19 cases in China.
Total revenue rose to 50.94 billion yuan (US$7.42 billion) for the quarter ended June from a year earlier, beating the 48.59 billion yuan expected on average by 14 analysts, Refinitiv Eikon data showed.
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