Aiko TanakaE-Tailing
Dingdong Lifts Second Quarter Profit to $40 Million Ahead of Meituan Deal
Total revenue rose 8.6 per cent to $956.1 million as peak summer grocery orders pushed gross merchandise value to $1.07 billion.
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Rajiv MenonFood
Dingdong Appoints Song Wang as New CEO: A Fresh Leadership in Chinese E-Grocery Space
Dingdong, a fresh grocery e-commerce organization, recently announced the appointment of Song Wang as its new CEO. This change in leadership comes after Changlin Liang, the company’s founder, stepped down from his role as CEO, though he will maintain his…
Rajiv MenonE-Tailing
SoftBank-backed Dingdong raises US$95.7 million in downsized US IPO
Chinese grocery app Dingdong, backed by SoftBank Vision Fund 2, raised about $95.69 million in its US initial public offering (IPO) on Tuesday after slashing the size of the IPO to almost a fourth of its earlier target. Dingdong sold more than 4 million…