Sino-File

More pain on the menu

“Gradually more and more merchants are coming back; however, on the demand side consumers still have concerns in terms of interaction and health risks from the restaurant side, so that’s making the whole process more complicated”

Chen-Shaohui-w

Chen Shaohui, CFO of Meituan-Dianping, cautions on the prospects of the app’s food delivery business. Meituan is expecting an operating loss in the first quarter because of the coronavirus after making its first annual profit (of Rmb2.2 billion) in 2019.


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