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| HSCEI1 | 9,031.38 | -61.96 | 92.09B |
| Back Zoom + Zoom - Block Traded | |
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Fitch Foresees MEITUAN-W's Acquisition of Dingdong to Have Minimal Financial Impact; Price War Expected to Ease This Yr
2026-02-06 17:18:48 MEITUAN-W (03690.HK) had earlier announced its intention to acquire Dingdong Fresh Holding Limited, aiming to enhance its position in the instant shopping market and supplement its business operations, Fitch Ratings said, which believed this acquisition will not evidently alter the group's financial status, thus having a neutral impact on its credit profile. Dingdong's EBITDA for the 12 months ending September 2025 was about RMB390 million, which was relatively small compared to Meituan's scale, accounting for less than 5% of Fitch's EBITDA forecast for Meituan in 2026. Although Meituan's EBITDA was squeezed last year due to substantial subsidies in the food delivery business, Fitch believed that the price war in the food delivery segment should begin to ease in 2026. The rating agency expected that the growth trajectory of Meituan's EBITDA and FCF will remain the key drivers of its credit profile. ~ AASTOCKS Financial News Website: www.aastocks.com | |