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Meituan Dianping reports revenue decline in Q1: report

2020-6-1 11:55

 

BEIJING, May 31 (Xinhua) -- China's service-focused e-commerce giant Meituan Dianping saw its revenue decline in the first quarter of 2020 amid the COVID-19 outbreak.

Operating revenue fell 12.6 percent year on year to 16.8 billion yuan (around 2.36 billion U.S. dollars), registering a 216 million-yuan net loss, the company said in its financial report.

In the first three months, the revenue of Meituan's food delivery business was 9.5 billion yuan, down 11.4 percent year on year. The company handled 15.1 million orders daily during the period, a fall of 18.2 percent.

The company said businesses have been seeing recovery since February 20.

In the meantime, Meituan's dine-in, hotel and tourism services were hit even harder, with revenue plunging 31.1 percent from the same period last year to 3.1 billion yuan in the first quarter, the report said.

However, the epidemic in a way helped Meituan draw potential customers, while more catering enterprises also started to pay attention to online channels and take-out services, it said.

The epidemic has a positive effect on promoting online business in the long run, which strengthened the company's confidence in further investment, said Chen Shaohui, Meituan's CFO.

 

北京,5月31日(新华社)——中国专注于服务的电子商务巨头美团点评在2019冠状病毒病爆发期间,在2020年第一季度收入下降。


该公司在其财务报告中表示,营业收入同比下降12.6%,至168亿元(约23.6亿美元),录得2.16亿元的净亏损。


今年前三个月,美团外卖业务的收入为95亿元,同比下降11.4%。在此期间,该公司每天处理1510万份订单,下降了18.2%。


该公司表示,自2月20日以来,企业业务一直在复苏。


与此同时,美团的餐饮、酒店和旅游服务受到的打击更大,第一季度营收同比下降31.1%,至31亿元。


然而,在某种程度上,疫情帮助美团吸引了潜在客户,同时更多的餐饮企业也开始关注在线渠道和外卖服务。


美团网首席财务官陈绍辉表示,从长远来看,这一疫情对促进在线业务有积极作用,增强了公司进一步投资的信心。

 

来自: xinhua