Meituan acquires DingDong's China business for 5.6 billion, integrating over a thousand front warehouses in mainland China, sellers banned from domestic retail competition for 5 years
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Meituan acquired 100% of DingDong's China business for USD 717 million, and the transaction is subject to antitrust review. DingDong has a strong supply chain and high repurchase rate in the domestic fresh food e-commerce sector. Meituan stated that this acquisition will enhance both parties' advantages in products, technology, and operations, improving the consumer experience. The founder of DingDong has committed not to participate in the fresh food e-commerce competition in the Greater China region for the next five years
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