China’s Meituan Reports 3rd Quarterly Loss, Warns on Antitrust Fines

China’s Meituan Reports 3rd Quarterly Loss, Warns on Antitrust Fines
Signs of Meituan are seen at its booth at the 2020 China International Fair for Trade in Services (CIFTIS) in Beijing, China, on Sept. 4, 2020. Tingshu Wang/Reuters
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BEIJING—Chinese food delivery giant Meituan warned it could be required to pay “a significant amount” of antitrust fines and posted a third consecutive quarterly loss on Monday as it continued to invest in expanding its various businesses.

Meituan, China’s eighth largest company by market value, has faced regulatory heat as authorities crack down on the country’s sprawling platform economy.