Tencent-backed Meituan reports wider loss in first earnings since IPO

Tencent-backed Meituan reports wider loss in first earnings since IPO

Menu icons are displayed on the Meituan application on an Apple Inc. iPhone in an arranged photograph taken in Hong Kong, China, on Friday, March 23, 2018. Photographer: Justin Chin/Bloomberg

Chinese online food delivery-to-ticketing firm Meituan Dianping said on Thursday its third-quarter operating loss tripled to 3.45 billion yuan ($497.46 million) in its first earnings release since raising $4.2 billion in a September IPO.

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