NEWS WRAP: Dingdong records first annual non-GAAP profit as revenue shrinks
The Shanghai-based online grocer’s revenue fell nearly 20% in the fourth quarter as it focused on its most profitable markets By Teri Yu Shanghai-based online grocer Dingdong (Cayman) Limited (DDL.US) last Thursday reported it…
CHINA BULLETIN: Yuan on the Comeback Trail
In this week’s issue the yuan bounces back, a lifeline for developers and a livestreamer confirms its CEO’s arrest. On a scale of 1 to 100, we give the week…
Dingdong rings up more profits as revenue sags
The online grocer’s revenue fell in the third quarter, as it continued to report profits in China’s fiercely competitive food delivery sector Key Takeaways: Dingdong’s revenue decreased about 14% year-on-year…
Dingdong rings on its East China base to fatten profits
The nation’s top online grocer is trying to boost profits by focusing on membership services and its base in affluent Shanghai, as well as adjacent Zhejiang and Jiangsu provinces Key…
Missfresh looks for fresh start with dubious digital marketing bet
The Chinese online grocery pioneer hopes to make a comeback from its near-collapse last year after acquiring a digital marketing business Key Takeaways: Missfresh is set to raise $27 million…
Freshippo tries to rock the stodgy supermarket cart with youthful customers, growth story
The Alibaba-backed chain’s announcement of 12 new store openings kicks off a publicity drive in the run-up to an IPO by the end of 2023 Key Takeaways: Freshippo’s announcement of…
FAST NEWS: Dingdong’s revenue dips, but it maintains non-GAAP profit
The latest: Leading online grocer Dingdong (Cayman) Ltd. (DDL.US) last Friday said it recorded a non-GAAP adjusted net profit of 6.1 million yuan ($880,000) in the first quarter, significantly better than its…
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