Latest news and articles about retail consolidation
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Meituan has acquired Dingdong Maicai’s China business for an initial $717 million, absorbing a network of over 1,000 front-line warehouses and more than seven million monthly users. The deal strengthens Meituan’s instant-grocery capabilities and reflects broader consolidation as high fulfilment costs and thin margins push standalone fresh-retail specialists into the arms of platform giants.
