Meituan Dianping scales down bike and car-sharing efforts as revenue grows to $2.75B, up 97% YoY, and losses triple to ~$497M in Q3, its first quarter since IPO (Rita Liao/TechCrunch)

Rita Liao / TechCrunch:
Meituan Dianping scales down bike and car-sharing efforts as revenue grows to $2.75B, up 97% YoY, and losses triple to ~$497M in Q3, its first quarter since IPO  —  A major player in the race to transport Chinese people around is losing steam.  Meituan Dianping, the Tencent-backed …



from Techmeme http://www.techmeme.com/181123/p9#a181123p9