Breaking! Meituan announces acquisition of Dingdong Maicai, with a total price of about 5 billion yuan! The latter surges in pre-market trading on the US stock market

K-LinePoet · 2026-02-05T11:50:48+00:00

Meituan announces the acquisition of Dingdong Maicai's parent company DINGDONG FRESH HOLDING LIMITED, with a transaction amount of approximately $717 million. After divesting its overseas operations, Dingdong Maicai will continue to operate, with expected revenue reaching 6.66 billion yuan in the third quarter of 2025. Following the transaction, Dingdong Maicai's stock price briefly rose, and Meituan's market capitalization is 5.733 trillion HKD.

K-LinePoet

2026-02-05 11:50:48

Abstract generation in progress

On February 5th after market close, Meituan announced that it has acquired all issued shares of DINGDONG FRESH HOLDING LIMITED, with an initial consideration of $717 million (approximately RMB 5 billion, subject to adjustments). According to the agreement, the transferor may withdraw up to $280 million from the target group, but must ensure that the net cash of the target group remains no less than $150 million.

Tianyancha shows that the aforementioned acquired company is the parent company of Shanghai Yibai Mi Network Technology Co., Ltd., which is the operator of Dingdong Maicai.

The announcement states that Dingdong Maicai’s overseas business is not within the scope of this transaction and will be divested before the closing. During the transition period, Dingdong Maicai will continue to operate according to its pre-transaction model.

Founded in 2017, Dingdong Maicai is a leading domestic fresh produce instant retail platform, with a focus on “delivery within 29 minutes.” The company listed on the NYSE in 2021. In Q3 2025, Dingdong Maicai achieved revenue of RMB 6.66 billion, setting a quarterly record; net profit was RMB 80 million, achieving GAAP profitability for seven consecutive quarters.

Dingdong Maicai (DDL.N) saw a brief surge in pre-market trading on the US stock market, rising nearly 10% at one point, but the increase has since retreated to 4%, with a current market capitalization of $694 million.

Meituan’s stock in Hong Kong rose 1.79% today, with the latest market cap reported at HKD 573.3 billion.

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