Dingdong rings back to revenue growth, posts quarterly net profit
China’s leading online grocer’s return to growth in the first quarter follows an overhaul that saw it withdraw from smaller markets to focus on larger cities Key Takeaways: Dingdong’s revenue…
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…
Dingdong Posts First-Ever Profit on Cost Slashing, Upmarket Move
China’s leading online grocer earned a fourth-quarter profit on both a net and adjusted basis, as its marketing spending tumbled 75%Key Takeaways:Dingdong posted its first-ever profit in the fourth quarter,…
Dingdong Sticks to Profit Delivery Promise by Year End
The online grocer trimmed its non-GAAP net loss by 86% in the third quarter, but also reported its first-ever revenue decline as it focused on cost controls and higher-margin productsKey…
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