{"id":156707,"date":"2026-08-28T09:10:18","date_gmt":"2026-08-28T09:10:18","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=156707"},"modified":"2026-08-28T09:10:18","modified_gmt":"2026-08-28T09:10:18","slug":"meituan-snaps-losing-streak-with-profitable-june-quarter-though-douyin-threat-looms","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=156707","title":{"rendered":"Meituan snaps losing streak with profitable June quarter though Douyin threat looms"},"content":{"rendered":"<p>Source: Tech &#8211; South China Morning PostOn-demand delivery giant Meituan swung back to profitability in the second quarter as China\u2019s price war in food delivery cooled, allowing the company to scale back subsidies and target higher-value customers.<br \/>\nBeijing-based Meituan posted an adjusted net profit of 2.5 billion yuan (US$372 million) for the June quarter, snapping a three-quarter losing streak according to its earnings report on Friday. The figure beat average analyst forecasts of 340 million yuan compiled by Bloomberg.<br \/>\nRevenue rose&#8230;<a href=\"https:\/\/www.scmp.com\/tech\/big-tech\/article\/3365595\/meituan-snaps-losing-streak-profitable-june-quarter-though-douyin-threat-looms?utm_source=rss_feed\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Tech &#8211; South China Morning PostOn-demand delivery giant Meituan swung back to profitability in the second quarter as China\u2019s price war in food delivery cooled, allowing the company to&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[4],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/156707"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=156707"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/156707\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=156707"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=156707"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=156707"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}