Capital, Earnings & M&A
Is Meituan, Which Loses 1 Yuan per Order, Really in Trouble?
Meituan's 2021 annual report shows a record operating loss, all from new businesses, while its food delivery and in-store hotel & travel businesses achieved record profits. CEO Wang Xing noted that delivery loses 1 yuan per order, sparking debate about the company's profitability and its complex role in balancing interests among merchants, riders, and users.
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