Meituan (SEHK:3690) is looking for acquisitions. Xing Wang, Chairman and Chief Executive Officer said, "looking ahead to 2023, we will continue to invest around our retail technology strategy. While this retail is our strategic focus, we will maintain an ROI-oriented approach and do our best to achieve fast growth scale while improving unit economics to a large extent.

And with the long-term financial returns, we are also quite confident about the strategic value it brings, such as new acquisitions and enhanced user stickiness and improved transaction frequency".