CORRECTED-Chinese food deliverer Meituan: Most of our commission rates are in 10pct-20pct range

14-Apr-2020 Intellasia | Reuters | 6:02 AM Print This Post

Chinese food delivery company Meituan Dianping said on Monday that the commission rates on more than 80 percent of the food vendors on its platform are in the range of between 10 percent to 20%.

Wang Puzhong, senior vice president of Meituan, said in a statement that the average profit per delivery order was less than 0.2 yuan in 2019, making up 2 percent of the total revenue.

“We need to invest most of our income to help merchants develop professional delivery services, acquire orders and improve digital infrastructure,” Wang said in the statement.

https://sg.news.yahoo.com/corrected-chinese-food-deliverer-meituan-070120286.html

 

Category: China

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