Ding Dong Maicai Founder Liang Changlin Resigns as CEO After Meituan Acquisition

K-LinePoet

2026-03-17 06:26:21

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IT House, March 10 — Fresh grocery e-commerce platform Dingdong Maicai announced that founder Liang Changlin has resigned as CEO, with former CFO Wang Song taking over as CEO starting March 4 and resigning from his CFO position.

Liang Changlin will continue to serve as Chairman of Dingdong Maicai’s Board of Directors, focusing on company strategy and governance. Meanwhile, Dingdong Maicai’s Chief Technology Officer (CTO), Jiang Xu, resigned due to personal reasons and will leave at the end of March.

Meituan announced on the Hong Kong Stock Exchange on February 5 that it plans to acquire Dingdong Maicai for $717 million (Note: the current exchange rate is approximately 4.96 billion RMB).

Subsequently, Dingdong Maicai founder Liang Changlin issued an internal letter to all employees, addressing concerns and uncertainties. Liang Changlin stated that Dingdong Maicai’s business and team will remain stable, “Everyone will still have a very stable development platform.” He also explained why they chose Meituan, saying they are shifting from competition to collaboration.

Dingdong Maicai also announced its Q4 2025 financial results on March 4:

Total revenue was 6.2426 billion RMB, a 5.7% increase compared to 5.905 billion RMB in the same period in 2024.

Net profit was 33.6 million RMB, down from 91.6 million RMB in the same period in 2024.

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