Recently, Meituan has added a significant asset to its local life services ecosystem. On February 5, Meituan announced plans to acquire the
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Recently, Meituan has added a significant asset to its local life services ecosystem. On February 5, Meituan announced plans to acquire the fresh grocery e-commerce platform Dingdong for $717 million. Following the transaction, Dingdong will become an indirectly wholly-owned subsidiary of Meituan and be included in its financial statements. Market analysts suggest that this move could accelerate Meituan's expansion in the fresh retail sector, intensifying competition with giants like Alibaba and PDD Holdings. Recently, Meituan’s stock price has been on a continuous decline, briefly dropping to the HKD 90 mark. What are your thoughts on Meituan's acquisition of Dingdong? Could it help Meituan reverse the downward trend and restart its upward momentum?