Dingdong (DDL) has released an update.
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Dingdong (Cayman) Limited, a leading Chinese e-commerce company specializing in fresh groceries, has reported a robust financial performance for Q2 2024, with a 16.8% increase in GMV year over year and record highs in both non-GAAP and GAAP net income, marking the company’s seventh consecutive quarter of non-GAAP profitability. The company’s total revenues also surged by 15.7% compared to the previous year, signaling strong operational health and sustained customer growth.
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