Chinese food delivery giant Meituan reported a third consecutive loss of $519M in Q2, compared to a $341M profit last year, while revenue rose 77% YoY to $6.8B (Chong Koh Ping/Wall Street Journal)

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Chong Koh Ping / Wall Street Journal:
Chinese food delivery giant Meituan reported a third consecutive loss of $519M in Q2, compared to a $341M profit last year, while revenue rose 77% YoY to $6.8B  —  Under pressure amid crackdown, CEO says ‘fine-tuning’ of business will be long-term positive  —  Chinese food-delivery giant …

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