By Casey Hall
(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)
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