Chinese food delivery giant Meituan reported a significant 23% year-over-year rise in its quarterly revenue, amounting to approximately $10.2 billion, surpassing expectations amid a slowing Chinese economy. This increase is attributed to a bigger-than-expected 22.6% rise in quarterly revenue. The company also posted a net income of around $308.4 million, indicating a strong performance against competitors like ByteDance’s Douyin in the meal delivery market. Additionally, Meituan's profitability has improved, signaling a rebound in travel and consumption.