Chinese food delivery service Meituan Dianping beats estimates with sales of $2.4B, net loss of $221M; Meituan stock rose 9.7%, taking its market cap to $100B+
Meituan's market value is now at a record high of more than $100b after it reported topline *contraction* better than expected. Even as execs warned about profit pressure for Q2, investors clearly have confidence in (and care more abt) sales recovery https://www.bloomberg.com/...