The food delivery war cools down, Meituan returns to the right track: losses narrow significantly beyond expectations, with an uptick in per-order value and market share in food delivery.
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Meituan's first-quarter results completely shattered Wall Street's pessimistic expectations, becoming an important signal that the company is emerging from the quagmire of price wars and returning to normalized profitability.
According to a WallstreetCN article, Meituan released its latest financial report on June 1, showing Q1 2026