On February 5, Meituan revealed its plans to acquire all issued shares of Dingdong Maicai, a prominent fresh produce e-commerce company in mainland China, for a sum of US$717 million. In an internal letter, Liang Changlin, the founder of Dingdong Maicai, explained that this acquisition was a collaborative decision made by both parties to jointly advance their interests. As per the agreement, the transferor is entitled to withdraw up to US$280 million from the target group, with the condition that the target group's net cash remains at no less than US$150 million. Upon completion of the acquisition, the target company will transform into an indirectly wholly-owned subsidiary of Meituan, with its financial results being integrated into Meituan's financial statements.

Liang Changlin underscored that, following the merger, Dingdong Maicai's three core competitive advantages—outstanding product quality, exceeding-expectation service capabilities, and the exceptional efficiency driven by its supply chain system—would unlock even greater potential on a broader platform. He further assured that the business operations and team structure of Dingdong Maicai would remain intact, providing employees with a secure and promising avenue for growth.