Meituan reports Q2 revenue up 14.4% YoY to $15.62B and adjusted net profit of $372M, ending a three-quarter losing streak as the food delivery price war cooled (Ben Jiang/South China Morning Post)

Meituan posted Q2 revenue of 105 billion yuan ($15.62 billion), a 14.4% year-over-year increase that beat the 101 billion yuan consensus. Adjusted net profit rose to 2.7 billion yuan ($372 million), ending a three-quarter losing streak as the food-delivery price war eased.