FinanceTechNode5 months ago
Meituan buys Dingdong Maicai for $717 million
1 min read
Meituan plans to acquire Dingdong Maicai's China operations for $717 million. The deal covers 100% equity of the fresh grocery firm's China business, excluding overseas operations. Dingdong must retain at least $150 million in net cash. Dingdong reported revenue of about 66.6 billion yuan.
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