© Reuters. FILE PHOTO: Signs of Meituan are seen at its booth at the 2020 China International Fair for Trade in Services (CIFTIS) in Beijing, China, Sept. 4, 2020. REUTERS/Tingshu Wang
BEIJING (Reuters) – Chinese food delivery giant Meituan posted a third consecutive quarterly loss on Monday as it continues to invest in expanding its various businesses.
Meituan, China’s eighth largest company by market value, reported a 2.21 billion yuan loss in the April-June period versus a profit of 2.72 billion yuan a year earlier.
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Read More: China’s Meituan reports third straight quarterly loss By Reuters