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Stock impact report

UPDATE 2-Chinese food delivery firm Meituan posts first quarterly profit since listing [Reuters]

Alibaba Group Holding Ltd ADS (BABA)  More Company Research Source: Reuters
Last alibaba group holding ltd ads earnings: 8/15 07:05 am Check Earnings Report
US:NYSE Investor Relations: alibabagroup.com/en/ir/home
PDF Chinese food delivery firm Meituan posts first quarterly profit since listing - Reuters 3 Min Read BEIJING/SHANGHAI (Reuters) - China’s Meituan Dianping ( 3690.HK ), an online food delivery-to-ticketing firm, posted its first ever quarterly profit as a listed firm, as a surge in summer food delivery orders helped it beat competition from rivals including Alibaba-backed Ele.me. Meituan, backed by Chinese gaming giant Tencent Holdings Ltd ( 0700.HK ), said it swung to a profit of 875.8 million yuan in the three months to end-June from a loss of 7.72 billion yuan in the year-ago period, the first time it reported a profit since the company listed in September last year. Total revenue rose 50.6% to 22.7 billion yuan ($3.21 billion) for the second quarter ended June 30 from 15.07 billion yuan a year earlier, beating forecasts. Analysts on average expected the company to report revenue of 21.87 billion yuan, according to I/B/E/S data from Refinitiv. Second-quarter gross transaction volu [Read more]
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