Meituan Sales Grow Single-Digit Amid China Food Fight

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Meituan reported a modest 4.1% increase in sales as the company’s expansion outside China helped offset pressure from an intensifying price war with Alibaba Group Holding Ltd. and JD.com Inc. at home. China’s food delivery leader posted revenue of 92.1 billion yuan ($13.3 billion) for the December quarter, meeting the average analyst projection. Adjusted net loss was 15.1 billion yuan, surpassing an estimate of 13 billion yuan. Meituan swung into the red for the first time in almost three years in the September quarter, posting an adjusted net loss of 16 billion yuan.