Who needs Dingdong? Alibaba answers Meituan with super-sized Pupu bid
Alibaba is reportedly offering $1.5 billion for regional online grocer Pupu, more than double the $600 million offered by a previous bidder Key Takeaways: Alibaba is reportedly bidding $1.5 billion…
Survival and protectionism: Dingdong surrenders to Meituan as India blocks a Chinese buyout
Dingdong to sell its China business to Meituan for $717 million. And India kills a Chinese private firm's acquisition.
Dingdong checks out of China instant commerce wars with sale to Meituan
One of the country’s oldest online grocers will sell itself to its larger rival for $717 million, in one of the largest such sales to date in a fast-evolving Chinese…
Dingdong rings up strong end to 2024, but warns of turbulence ahead
The company reported a fourth consecutive profit in last year’s fourth quarter, while noting that competition in 2025 will be ‘more intense’ Key Takeaways: Dingdong’s revenue rose 18.3% in the…
After years of shopping around, Dingdong bags formula for profits
The online grocer reported its third consecutive quarterly profit in the three months to September, and now boasts profit margins similar to Walmart and Kroger Key Takeaways: Dingdong’s revenue rose…
Retailing pioneer adds reinvented MDL Wholesale to IPO shopping list
The provider of wholesaling services for retailers has filed to list in Hong Kong, but its heavy reliance on parent company Wumart Group has left it with low gross margins…
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…
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