Meituan Cuts Losses Despite Ongoing Competition
美团亏损收窄 海外业务持续扩张
Meituan reported its third straight quarterly loss, but the first-quarter adjusted net loss narrowed to 4.97 billion yuan from 15 billion yuan in the previous quarter. Revenue rose 5.6% year on year to 91 billion yuan, helped by lower food delivery subsidies and better operating efficiency. CEO Wang Xing said competition in food delivery is easing, while broader local service rivalry still pressures profits. He also highlighted overseas growth and AI investment. Meituan’s Keeta delivery business improved efficiency in Hong Kong and Saudi Arabia and continued expanding across other Middle Eastern markets.
美团连续第三个季度亏损，但今年第一季度经调整净亏损降至49.7亿元人民币，明显低于上一季度。公司收入同比增长5.6%，达到910亿元，主要因为补贴减少和运营效率提高。王兴表示，外卖竞争有所缓和，但本地生活服务竞争仍影响利润。他还强调海外扩张和AI发展。Keeta在香港和沙特效率提升，并继续拓展中东多个市场。
