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Loss Shrinks, Revenue Picks Up as Food-Delivery Fight Continues -- Update","url":"https://stock-news.laohu8.com/highlight/detail?id=2640554359","media":"Dow Jones","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2640554359?lang=en_us&edition=fundamental","pubTime":"2026-06-01 19:00","pubTimestamp":1780311600,"startTime":"0","endTime":"0","summary":"Meituan reported a narrower-than-expected loss and faster revenue growth as China's top food-delivery company continued to deal with a bruising price war in the world's second-largest consumer market.The results, though better than feared, mark the third consecutive quarter of net losses for the Chinese shopping-and-delivery platform. Meituan remains locked in a battle with Alibaba Group and JD.com to defend its market leadership in food delivery. All three have thrown billions of dollars into aggressive discounts and heavy marketing to win over customers, drawing repeated warnings from authorities.Beijing-based Meituan on Monday said its net loss was 6.83 billion yuan, equivalent to $1.01 billion, for the first three months of the year. That was smaller than the 15.14 billion yuan loss it recorded in the final quarter of 2025 and compared with net profit of 10.06 billion yuan in the year-ago period.Revenue climbed to 91.04 billion yuan for the first quarter, with year-over-year 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posts another quarterly loss, though food delivery wars are beginning to abate","url":"https://stock-news.laohu8.com/highlight/detail?id=2640393217","media":"Reuters","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2640393217?lang=en_us&edition=fundamental","pubTime":"2026-06-01 16:50","pubTimestamp":1780303834,"startTime":"0","endTime":"0","summary":"UPDATE 1-Meituan posts another quarterly loss, though food delivery wars are beginning to abate SHANGHAI, June 1 (Reuters) - Chinese food delivery leader Meituan 3690.HK on Monday posted a 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The group achieved revenue of 91.039 billion yuan, representing a 5.6% year-on-year increase. 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Posts Another Quarterly Loss, Though Food Delivery Wars Are Beginning to Abate","url":"https://stock-news.laohu8.com/highlight/detail?id=1170715309","media":"Reuters","labels":["express"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/1170715309?lang=en_us&edition=fundamental","pubTime":"2026-06-01 16:33","pubTimestamp":1780302829,"startTime":"0","endTime":"0","summary":"SHANGHAI, June 1 (Reuters) - Chinese food delivery leader Meituan on Monday posted a third consecutive quarterly loss and met revenue growth estimates as a year of bruising, subsidy-fuelled...","market":"hk","thumbnail":"","type":0,"news_type":0,"thumbnails":[],"rights":null,"property":["earning"],"language":"en","translate_title":"","themeId":"be99856898cd4b5291f23b0b3bac1393","theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"","is_publish_highlight":true,"source_rank":0,"column":"","sentiment":"0","news_top_title":"Meituan Posts Another Quarterly Loss, Though Food Delivery Wars Are Beginning to Abate","news_tag":"express","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["MPNGY","03690"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2640934291","title":"Meituan Q1 FY26 turns to net loss of RMB 6.83 billion; revenue rises 5.6% to RMB 91.04 billion","url":"https://stock-news.laohu8.com/highlight/detail?id=2640934291","media":"Reuters","labels":["dataReport"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2640934291?lang=en_us&edition=fundamental","pubTime":"2026-06-01 16:31","pubTimestamp":1780302712,"startTime":"0","endTime":"0","summary":"Meituan posted Q1 revenue of RMB 91.04 billion, up 5.6% year over year, while turning to a net loss of RMB 6.83 billion.Operating results swung to a loss of RMB 6.47 billion, versus an operating profit a year earlier.Core Local Commerce revenue was RMB 64.06 billion, up 0.1%, with an operating loss of RMB 2.03 billion as competition weighed on profitability.New Initiatives revenue climbed 21.3% to RMB 26.98 billion, while its operating loss narrowed to RMB 2.12 billion.Cash and cash equivalents totaled RMB 117.03 billion, with short-term treasury investments of RMB 63.34 billion.Disclaimer: This news brief was created by Public Technologies  using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Meituan published the original content used to generate this news brief via IIS, the regulatory disclosure 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Stock Rallies 6.5% in Hong Kong","url":"https://stock-news.laohu8.com/highlight/detail?id=2640934219","media":"Dow Jones","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2640934219?lang=en_us&edition=fundamental","pubTime":"2026-06-01 16:30","pubTimestamp":1780302600,"startTime":"0","endTime":"0","summary":"This article was automatically generated by Dow Jones using technology from Automated Insights.Shares of Meituan advanced 6.5% to 78.25 Hong Kong dollars on what proved to be an all-around favorable trading session for the Hong Kong stock market, with the Hang Seng Index rising 0.9% to 25398.18.This was the stock's second consecutive day of gains.Meituan closed 48% short of its 52-week high of HK$149.80, which the company achieved June 9.Trading volume totaled 72.6 million shares, compared to the 50-day average of 50.0 million 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Profitability Likely Remained Under Pressure in 1Q -- Earnings Preview","url":"https://stock-news.laohu8.com/highlight/detail?id=2640823938","media":"Dow Jones","labels":["dataReport","preview"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2640823938?lang=en_us&edition=fundamental","pubTime":"2026-06-01 12:22","pubTimestamp":1780287720,"startTime":"0","endTime":"0","summary":"Meituan is scheduled to report results for the first quarter on Monday. Here's what you need to know:. NET PROFIT FORECAST: The Chinese food-delivery company is expected to swing to a net loss of 8.51 billion yuan, equivalent to $1.26 billion, according to the consensus estimate of analysts polled by FactSet. Meituan, which reported a 10.06 billion yuan profit in the year-earlier period, has reported losses for two straight quarters.The company's Hong Kong-listed shares fell about 20% in the first three months of the year, weighed by investors' concerns about its earnings outlook. The stock was down 26% in the year to Friday, compared with the Hang Seng Tech Index's 11% decline.--COMPETITION: Morningstar's Chelsey Tam expects rival Alibaba Group to prioritize investments in artificial intelligence over quick commerce, as it is unlikely to be able to maintain high investments in both segments in the medium term, she said in a research note. 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Market OverviewThe Hang Seng Index opened almost flat at 25,180.05, inching down 0.01% as investors weighed overnight gains on Wall Street against lingering global growth concerns. 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