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: Xiaomi Slips Into the Red on Big Phone Shipment Drop
The latest: Smartphone maker Xiaomi Corp. (1810.HK) reported its revenue fell 4.6% year-on-year in the first quarter to 73.35 billion yuan ($10.9 billion). It also recorded a 530 million yuan net loss…
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