Meituan Acquires Dingdong’s Grocery Retail Business
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Meituan is acquiring Dingdong’s grocery retail business through its subsidiary, Two Hearts Investments Limited, for approximately RMB1,644.79 million. Post-transaction, Dingdong will become an indirect wholly-owned subsidiary of Meituan, with its financial results consolidated into Meituan’s group statements. The Board considers the acquisition fair, reasonable, and aligned with strategic interests.
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