Meituan, China's leading O2O (Online-to-Offline) giant, has officially announced its acquisition of Dingdong domestic operations in a deal valued at approximately $717 million. The transaction is currently pending regulatory approval from Chinese antitrust authorities.
Strategic Divestment for Dingdong
Changlin Liang, CEO of Dingdong, clarified that the agreement specifically covers the company’s business within Mainland China. Dingdong will continue to own and operate its international divisions independently. Liang stated that offloading the domestic arm to Meituan aligns with both companies' shared vision of revolutionizing the digital grocery supply chain.