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…
BRIEF: Meituan issues $2.5 billion in senior notes
Online-to-offline services provider Meituan (3690.HK) on Thursday announced its issue of two traches of senior notes worth a combined $2.5 billion. One tranche was worth $1.2 billion, with an annual…
BRIEF: Meituan repurchases 148 million shares since June
Online food delivery giant Meituan (3690.HK) announced Monday it repurchased 3.35 million shares on Sept. 16 at prices ranging from HK$122.90 to HK$126.40, spending a total of HK420 million ($53.8…
BRIEF: Meituan profit doubles on improving efficiencies
Online-to-offline services provider Meituan (3690.HK) said on Wednesday its revenue grew 21% year-on-year to 82.3 billion yuan ($11.5 billion) in the second quarter, while its profit for the period jumped…
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…
FAST NEWS: Meituan repurchases 83.85 million shares
The Latest: Meituan (3690.HK) announced Wednesday that it repurchased 4.21 million shares on July 17 at prices ranging from HK$116.20 to HK$120, with a total value of HK$500 million ($64…
QCraft revs up its fundraising in autonomous driving race for cash
The maker of self-driving technology solutions recently raised several hundred million yuan in its latest funding round Key Takeaways: QCraft has raised over 1 billion yuan over six funding rounds,…