Meituan reports fourth consecutive quarterly loss of $1.57B in Q3 on revenue of $7.6B; its core food delivery business posted revenue of $4.14B, up 28

[Techmeme]

Brenda Goh / Reuters:
Meituan reports fourth consecutive quarterly loss of $1.57B in Q3 on revenue of $7.6B; its core food delivery business posted revenue of $4.14B, up 28% — Chinese food delivery giant Meituan (3690.HK) reported a fourth consecutive quarterly loss on Friday, as it plowed more investment into expanding its various businesses.