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MEITUAN-W Fully Acquires Dingdong's Fresh Grocery E-commerce Company for Initial Consideration of USD717M
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MEITUAN-W (03690.HK) announced the acquisition of all issued shares of DINGDONG FRESH HOLDING LIMITED, a subsidiary of Dingdong (DDL.US), for an initial consideration of USD717 million. The target company is a fresh grocery e-commerce company. MEITUAN-W said that the Company attaches great importance to the grocery retail business, and the Transaction is in line with the Company’s long-term development plan in the grocery retail sector. As of September 2025, Dingdong operated over 1,000 front warehouses in China, with more than 7 million monthly transacting users. Dingdong has best-in-class supply chain capabilities, with a high direct sourcing rate from fresh produce origins, a rich portfolio of private-label products and a high repurchase rate, and is well received by consumers. The Transaction will help fully leverage the respective strengths of both parties in product capabilities, technology and operations, providing consumers with better consumption and delivery experiences. AASTOCKS Financial News Website: www.aastocks.com |
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