NEWS WRAP: Dingdong records first annual non-GAAP profit as revenue shrinks
The Shanghai-based online grocer’s revenue fell nearly 20% in the fourth quarter as it focused on its most profitable markets By Teri Yu Shanghai-based online grocer Dingdong (Cayman) Limited (DDL.US) last Thursday reported it…
FAST NEWS: Dingdong’s revenue dips, but it maintains non-GAAP profit
The latest: Leading online grocer Dingdong (Cayman) Ltd. (DDL.US) last Friday said it recorded a non-GAAP adjusted net profit of 6.1 million yuan ($880,000) in the first quarter, significantly better than its…
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