--- title: "[Daily Announcement] Meituan 3690 plans to acquire Dingdong Fresh for USD 700 million, Tongda 698 and Nio 9866 issue earnings upgrade, MGM China 2282 Q4 revenue increases by over 21%" type: "News" locale: "en" url: "https://longbridge.com/en/news/275056094.md" description: "Meituan plans to acquire Dingdong Maicai's e-commerce business for USD 717 million, which will become a wholly-owned subsidiary after the transaction, expanding its retail business. TONGDA GROUP expects a net profit of HKD 125 million last year, successfully turning a profit. Nio expects an adjusted operating profit of approximately RMB 1.2 billion in Q4. MGM CHINA's Q4 revenue increased by 21.4% year-on-year, exceeding RMB 9.6 billion. Agile Group's presale amount in January fell by 32.5% year-on-year, while Greentown China (3900) saw a contract sales decline of 14% year-on-year" datetime: "2026-02-06T01:29:31.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/275056094.md) - [en](https://longbridge.com/en/news/275056094.md) - [zh-HK](https://longbridge.com/zh-HK/news/275056094.md) --- # [Daily Announcement] Meituan 3690 plans to acquire Dingdong Fresh for USD 700 million, Tongda 698 and Nio 9866 issue earnings upgrade, MGM China 2282 Q4 revenue increases by over 21% ## **Meituan plans to acquire Dingdong's mainland fresh grocery e-commerce business for $717 million** Meituan (3690.HK) plans to spend $717 million to acquire Dingdong's mainland fresh grocery e-commerce business. Upon completion of the transaction, this business will become a wholly-owned subsidiary of Meituan, further expanding its grocery retail business. The two parties share a compatible vision, and it is expected that the integration of advantages will enhance consumer and delivery experiences. ## **Tongda Group issues profit alert, expects to earn up to 125 million yuan** Tongda Group (698.HK) has issued a profit alert, expecting to turn a profit last year with a net profit of up to 125 million yuan. This is attributed to a reduction in one-time non-cash asset impairment provisions, a significant increase in overall gross profit margin, and optimization of operating expenses and R&D costs. ## **Nio expects adjusted operating profit of up to approximately 1.2 billion yuan in the fourth quarter of last year** Nio (9866.HK) has issued a profit alert, expecting an adjusted operating profit of up to approximately 1.2 billion yuan in the fourth quarter of last year, mainly benefiting from sales growth, gross margin optimization, and cost reduction and efficiency improvement measures. ## **MGM China reports over 21% year-on-year revenue growth in the fourth quarter** MGM China (2282.HK) announced that total revenue in the fourth quarter of last year increased by 21.4% year-on-year, exceeding 9.6 billion yuan. Among them, revenue from MGM Macau rose by 4.1%, while revenue from MGM Cotai surged by 34%. Adjusted EBITDA for the period grew by 29% year-on-year, exceeding 2.7 billion yuan. ## **Agile Group's presale amount in January fell 32.5% year-on-year but rose month-on-month** Agile Group (3383.HK) announced that the presale amount in January was 540 million yuan, down 32.5% year-on-year but up 10.2% month-on-month. The presale construction area during the period was approximately 54,000 square meters, with an average price of 10,037 yuan per square meter. ## **Greentown China’s contract sales in January fell 14% year-on-year and nearly 70% month-on-month** Greentown China (3900.HK) reported contract sales of 9.7 billion yuan in January, down 14% year-on-year and nearly 66% month-on-month. As of the end of January, the group had signed purchase agreements amounting to approximately 2.8 billion yuan that had not yet been converted into sales contracts, of which the equity amount attributable to Greentown Group was 1.8 billion yuan ### Related Stocks - [00698.HK](https://longbridge.com/en/quote/00698.HK.md) - [02282.HK](https://longbridge.com/en/quote/02282.HK.md) - [09866.HK](https://longbridge.com/en/quote/09866.HK.md) ## Related News & Research - [Dingdong (Cayman) Limited Announces First Quarter 2026 Financial Results | DDL Stock News](https://longbridge.com/en/news/287210887.md) - [Dingdong Q1 FY26 net income rises to RMB 165.4 million; revenue climbs 7.5% to RMB 5.89 billion](https://longbridge.com/en/news/287211084.md) - [NEWLY FORMED MANHATTAN URANIUM RECEIVES APPROVAL TO DRILL AT NEVADA'S LARGEST PAST PRODUCING MINE](https://longbridge.com/en/news/287233635.md) - [MGM China to Issue US$750 Million in Senior Notes for Debt Refinancing](https://longbridge.com/en/news/285458342.md) - [MGM China Plans US Dollar Senior Notes to Refinance Credit Facility](https://longbridge.com/en/news/285200019.md)