Dingdong rings up strong end to 2024, but warns of turbulence ahead
The company reported a fourth consecutive profit in last year’s fourth quarter, while noting that competition in 2025 will be ‘more intense’ Key Takeaways: Dingdong’s revenue rose 18.3% in the…
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: Walmart sells Dada Nexus stake, finalizing divorce with JD.com
Walmart Inc. (WMT.US) has sold its 9.3% stake in Chinese intracity delivery company Dada Nexus Ltd. (DADA) to Dada’s majority stakeholder JD.com (JD.US; 9618.HK), according to a U.S. stock exchange…
Resurging Walmart, shaky JD.com go their separate ways in China
The U.S. retailing giant sold its stake in the Chinese e-commerce major to focus on its own China operations, ending an eight-year marriage Key Takeaways: Walmart has sold its stake…
Faded Sun Art seeks to shine again in China’s changing grocery market
The former hypermarket superstar warned it fell into the red last year, as online grocers continued to eat its lunch Key Takeaways: Sun Art lost 1.7 billion yuan in its…
Online seller Augroup looks to wean itself off big platforms
The cross-border e-commerce company has applied to list its shares in Hong Kong after unsuccessfully shopping around mainland exchanges Key Takeaways: Augroup Technology’s profits more than doubled last year…
CHINA BULLETIN: Keep Your Supply Chains in China, Beijing Says
In this week’s issue supply chain mania, a solar shakedown and the world’s first bird’s nest stock. On a scale of 1 to 100, we give the week a 40…
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