China's top food delivery firm Meituan's revenue in line with estimates
BEIJING (Reuters) -China's largest food delivery firm Meituan posted fourth-quarter revenue on Friday that was largely in line with estimates, amid sluggish Chinese consumption. Meituan's revenue reached 88.5 billion yuan ($12.21 billion) in the three months ended December, just above analysts' estimates of 87.7 billion yuan, according to LSEG data. Meituan, whose app offers a wide range of services including bike-sharing, ticket-booking, and maps, reported a revenue of 337.59 billion yuan for the year, up from 276.75 billion yuan in 2023.