Chinese Food Deliverer Meituan Is Learning Quickly From Early Mistakes

As long as Meituan Dianping is posting operating losses, any revenue figure that beats analyst estimates is irrelevant.

That’s what happened late Monday. Fourth-quarter revenue of 19.8 billion yuan ($2.95 billion) surpassed even the highest of expectations, yet operating loss almost tripled to 11.1 billion yuan.

Now that it’s a public company, the Chinese provider of food delivery, hotel bookings and restaurant-management systems needs to focus on tightening margins and boosting the bottom line.

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