Survival and protectionism: Dingdong surrenders to Meituan as India blocks a Chinese buyout
Dingdong to sell its China business to Meituan for $717 million. And India kills a Chinese private firm's acquisition.
Two Autonomous Driving IPOs, and Alibaba Sheds a ‘New Retail’ Asset
Horizon Robotics and WeRide have raised more than $1 billion combined in their IPOs in Hong Kong and New York. And Alibaba looks to sell its RT-Mart hypermarket chain.
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…
