Exclusive Post Losses are increasing at Tencent-backed supplier Meido Dianping


Meituan Dianping picks up the benefits of scale in its core delivery division because it feels the pain of competition from arch-enemy Alibaba Group Holding in smaller businesses such as hotel reservations. While revenue almost doubled in the quarter of December, its net loss increased 57. percent to 3.4 billion yuan (US $ 508 million), as profitability in travel and cycling declined. To keep a cover on swelling costs, Meituan said it was kicked off from a restructuring that would see loss-of-loss bikes.

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