Dingdong rings up more profits as revenue sags
The online grocer’s revenue fell in the third quarter, as it continued to report profits in China’s fiercely competitive food delivery sector Key Takeaways: Dingdong’s revenue decreased about 14% year-on-year…
Dingdong rings on its East China base to fatten profits
The nation’s top online grocer is trying to boost profits by focusing on membership services and its base in affluent Shanghai, as well as adjacent Zhejiang and Jiangsu provinces Key…
Missfresh looks for fresh start with dubious digital marketing bet
The Chinese online grocery pioneer hopes to make a comeback from its near-collapse last year after acquiring a digital marketing business Key Takeaways: Missfresh is set to raise $27 million…
Dingdong Sticks to Profit Delivery Promise by Year End
The online grocer trimmed its non-GAAP net loss by 86% in the third quarter, but also reported its first-ever revenue decline as it focused on cost controls and higher-margin productsKey…
Cloopen: A Clean Cloud, or Still Under Stormy Skies?
Cloud services provider’s investigation confirms revenue inflation last year, while separate, but similar, investigation by retailer Miniso finds no evidence of misleading claims involving its franchise model Key Takeaways: An…
Dingdong Rings Up First-Ever Profit. But Investors Don’t Buy It
Online grocer reports a 20.6 million yuan second-quarter non-GAAP profit, fueled by buying surge from Shanghai customers during city’s two-month lockdown Key Takeaways: Dingdong reported its first-ever non-GAAP profit in…
Hongjiu Fruit Gets IPO Go-ahead but Cash Flow Concerns May Bite
Hongjiu Fruit has gained approval to list its shares in Hong Kong but soaring levels of customer credit could curb investors’ appetite Key Takeaways: Hongjiu Fruit specializes in high-value fruit…
