Meituan snaps losing streak with profitable June quarter as price wars cool
- Posted on August 28, 2026
- By South China Morning Post
- 1 Views
- 1 min read
In brief
Chinese delivery and services giant Meituan has returned to profitability in Q2, marking an end to its recent financial losses as competitive pricing pressures ease across the industry. The company achieved 105 billion yuan in quarterly revenue, surpassing analyst expectations by approximately 4 billion yuan. This rebound reflects improving market dynamics and operational efficiency, signaling a potential shift in China's hyper-competitive food delivery sector toward sustainable business models.
Summary auto-generated by AI from the original publisher's content. Editorial standards.
Meituan snaps losing streak with profitable June quarter as price wars cool
Revenue for the quarter rose 14.4 per cent year on year to 105 billion yuan, beating the consensus estimate of 101 billion yuan.
