Meituan to Acquire Dingdong Fresh Subsidiary in US$717 Million Deal

Meituan ( (HK:3690) ) has issued an announcement.

Meituan has agreed to acquire all issued shares of Dingdong Fresh Holding Limited’s direct wholly owned subsidiary for an initial consideration of US$717 million, subject to adjustments, in a deal announced on 5 February 2026 outside trading hours. Dingdong, founded and controlled by Liang Changlin, is a leading fresh grocery e-commerce player in mainland China, and upon completion the target company will become an indirect wholly owned subsidiary of Meituan, with its financial results consolidated into Meituan’s accounts. The transaction, classified as a discloseable transaction under Hong Kong Listing Rules with applicable percentage ratios exceeding 5% but below 25%, does not require shareholder approval, underscoring Meituan’s strategic push to deepen its position in China’s online fresh grocery market and integrate Dingdong’s capabilities into its broader local services ecosystem.

The most recent analyst rating on (HK:3690) stock is a Hold with a HK$107.00 price target. To see the full list of analyst forecasts on Meituan stock, see the HK:3690 Stock Forecast page.

More about Meituan

Meituan is a Hong Kong–listed Chinese technology company that operates platforms for local services, including food delivery, retail, and related e-commerce offerings. Through its ecosystem, the company connects consumers with merchants and service providers across multiple categories, focusing heavily on the mainland China market and increasingly expanding into on-demand retail and fresh grocery channels.

Average Trading Volume: 43,944,370

Technical Sentiment Signal: Sell

Current Market Cap: HK$563.2B

Learn more about 3690 stock on TipRanks’ Stock Analysis page.