Lastest News Meituan willing to sacrifice profitability for growth as business model shifts from subsidies to investments


Meituan Dianping, the Chinese food delivery giant, will continue to prioritize investments in new food-related profitability businesses after reporting wider fourth-quarter losses on Monday, according to its chief financial officer. "Profitability is not our main goal in the short term, and we will continue to invest in areas such as our restaurant management system and build our ecosystem for the users and traders," he said. Chen Shaohui, chief financial officer and senior vice president said. president ….

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