M&A relationships. Tianjin Xinsuda is an express delivery company established in 2007. It is mainly engaged in express delivery, logistics and other businesses. Meituan is an Internet company mainly engaged in food delivery, hotels, tourism and other businesses. In 2018, Meituan announced the acquisition of Tianjin Xinsuda and became its wholly-owned subsidiary to strengthen Meituan’s logistics and distribution capabilities and improve the service quality and efficiency of its food delivery business. Tianjin Xinsuda has become one of Meituan’s main delivery service providers. 1. Provide fast and efficient delivery services to Meituan Takeout users.