Chinese food and on-demand delivery giant Meituan reported its third consecutive quarterly loss as competition in the country’s food delivery market appears to be easing but broader rivalry across the local service sector continues to weigh on margins. Meituan’s revenue in the three months ended March rose 5.6 per cent year on year to 91 billion yuan (US$13.45 billion), the company said in an earnings release on Monday. The company reported an adjusted net loss of 4.97 billion yuan for the first...