BRIEF: Guoquan Food feasts on China’s growing preference for stay-at-home dining
Guoquan Food (Shanghai) Co. Ltd. (2517.HK) on Monday reported its revenue rose 22% in the first half of the year, while its profit more than doubled, as the company feasted…
DDC Enterprise IPO fails to whet investor appetites on Wall Street
After a failed attempt at a SPAC listing a year ago, shares of cooking content and prepared foods maker DayDayCook plummeted in their New York trading debut Key Takeaways: Shares…
Forget about tech. Shiyue Daotian cooks up hot IPO with premium rice
After first filing for an IPO in March, Shiyue Daotian steamed out of the gate with a 60% rise for its newly listed shares in their first week of trading…
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…
Qudian Sees Food for Growth in Prepared Meals, Weighs Exit of Core Lending Business
The former fintech pioneer’s stock fell more than 10% after it announced a potential wind down of its original credit business as well as a new foray into ready-made meal…
Dingdong, Missfresh Surge on Booming Business During Covid Lockdowns
Shares of nation’s two leading online grocers rose sharply on Tuesday, propelled by buying from nearly 200 million Chinese currently confined to their homes Key Takeaways: Investors may be growing…
Dingdong Slows Down Spending, Dangles Prospect of Profits
Leading online grocer’s new focus on cost controls helped it pare its losses in the fourth quarter Key Takeaways: Dingdong’s revenue growth slowed to 72% in the fourth quarter, down…
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