Chinese food delivery giant Meituan had sales of $3.6B, net profit of $317M in the June quarter; Meituan stock is up 2x+ in 2020, taking its market cap to $186B (Bloomberg)

https://ift.tt/2Yjnoxx

Bloomberg:
Chinese food delivery giant Meituan had sales of $3.6B, net profit of $317M in the June quarter; Meituan stock is up 2x+ in 2020, taking its market cap to $186B  —  - Food delivery, groceries were bright spots in the June quarter  — Meituan shares jumped 4.5% before earnings were released

from Techmeme https://ift.tt/31gyQMf