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,…
A Year After Splashy IPO, Missfresh Looks Well Past Its ‘Sell Date’
The online grocer has just announced a major board reshuffle as it faces an existential crisis with ballooning losses and no relief in sight Key Takeaways: Missfresh announced a major…
Missfresh Tries to Tempt Investors with Value-Added Offerings
Recent announcements show online grocer is adding higher-margin products and services to its lineup like ready-to-cook meals and prepackaged seasoning blends Key takeaways: • Missfresh has launched a series of…
Dingdong Pulls Further Away From Old Opponent, But Profits Remain Far Off
Online grocery giant left its top rival Missfresh in the dust in terms of third-quarter revenue, but its losses keep growing as it pursues more customers Key points: Dingdong’s revenue…
Missfresh Boosts Direct Buying in Drive to Cut More Fat From Supply Chain
Online grocer’s shares rally after it announces signing up hundreds of new direct suppliers, even as its margins remain far below those of larger rival Dingdong Key takeaways: • Online…
Dingdong Boosts Lead Over Older Rival for High-End Grocery Delivery
4-year-old company posts 80% revenue growth in its first quarterly earnings report, double the rate for its 7-year-old rival Missfresh Key points: Online grocer Dingdong boosted its edge over older…
Surging Online Grocer Dingdong in Focus After Missfresh’s Stale Trading Debut
Missfresh’s shares drop 26% on their first trading day, as shares of larger rival Dingdong get set to debut this week Key points: Online grocer Missfresh’s weak trading debut could…
