Meituan returns to profit in second quarter after China price war

Meituan returned to profit in the second quarter, ending three consecutive quarters of losses as China’s top food-delivery company recovered from a bruising price war in the world’s second-largest consumer market. The platform is competing with Alibaba Group and JD.com to defend its leadership in food delivery. Meituan’s listing, identified as 3690, was shown with a 0.00% increase.

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