Source: South China Morning PostMeituan, China’s largest food delivery and local services platform, reported a 120.9 per cent revenue increase in the first quarter amid continued losses from new business investments, more than a month after antitrust regulators launched an investigation into the company’s operations.Beijing-based Meituan posted revenue of 37 billion yuan (US$5.8 billion) in the quarter ended March, up from 16.8 billion yuan a year ago, on the back of stellar growth from its food delivery, in-store, hotel and…Read More