Shulou(Shulou.com)11/24 Report--

According to CTOnews.com news on December 20, Meituan revealed that distribution subsidies invested in Shanghai in the last week have reached 8 million yuan, and it is expected that more than 20 million yuan in subsidies will be invested in Shanghai in the coming month to attract and encourage more riders to run singles.

According to reports, in order to ensure the efficiency of order delivery, Meituan takeout is also continuously increasing the rider's transport capacity reserve and speeding up the recovery of urban distribution capacity by setting up "epidemic care funds", strengthening rider health protection, and strengthening recruitment efforts.

According to the person in charge of Meituan takeout, the "epidemic care money" is mainly used to encourage riders to take orders, including rewards for taking orders, weather subsidies, and other forms, so that riders can get higher income in a special period; and exempted from responsibility for overtime and other related situations affected by the epidemic, so that riders can feel at ease to run singles.

CTOnews.com has reported that Meituan's revenue in the third quarter was 62.62 billion yuan, an increase of 28.2% over the same period last year. The net profit was 1.22 billion yuan, turning losses into profits compared with the same period last year, with an estimated loss of 986.8 million yuan; the adjusted net profit was 3.53 billion yuan.

In a previous financial conference call, Meituan and Chen Shaohui said: due to seasonal factors and subsidies provided by us, distribution costs have increased, and the epidemic has improved in the second quarter compared with July and August. Investment in market activities has also increased, resulting in a slight drop in profits compared with the previous month. Looking ahead, the epidemic will continue to affect core local business, revenue changes will also be affected accordingly, and Q4 is expected to be more affected than in the third quarter. We will also continue to cut costs and improve efficiency, and we expect profits and profit margins to continue to improve in the fourth quarter.

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