Meituan Dianping (HK:3690) has released an update.
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Meituan has reported a robust financial performance for the first quarter of 2024, with a noteworthy 25% year-over-year increase in revenues and an impressive 59.9% surge in profits for the period. The company has seen significant gains across its various segments, particularly in delivery services and commission revenues, which have contributed to a 45.3% jump in operating profit. This growth is underpinned by an expansion in on-demand delivery transactions, up 28.1% compared to the previous year.
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