Meituan beats Q4 revenue expectations

Reuters03-22

(Adds details throughout)

By Casey Hall

March 22 (Reuters) - Chinese food delivery giant Meituan

posted on Friday a bigger-than-expected 22.6% rise in quarterly revenue, defying a slowing Chinese economy.

Meituan - which has an app that provides services ranging from bike-sharing to ticket-booking and maps - reported revenue in the quarter to Dec. 31 of 73.7 billion yuan ($10.20 billion, versus 60.13 billion yuan in the same period a year earlier.

The result compared with the 72.46 billion yuan average of analyst estimates compiled by LSEG.

($1 = 7.2273 Chinese yuan)

(Reporting by Casey Hall; Editing by Neil Fullick)

((Casey.hall@thomsonreuters.com))

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