Meituan Dianping delivers 92.3% revenue growth in FY2018
Meituan, China's leading ecommerce platform for services, has announced unaudited consolidated results for the fourth quarter of 2018 and results for the year ended 31 December 31 2018.
Total revenues increased by 92.3% year-over-year to CNY65.2 billion. The company achieved strong revenue growth across all major business segments. Total gross profit increased to CNY15.1 billion year-over-year from RMB12.2 billion in 2017. Total Gross Transaction Volume (GTV) on the platform grew by 44.3% to RMB515.6 billion in 2018.