Dingdong (DDL) has released an update.
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Dingdong (Cayman) Limited, a prominent fresh grocery e-commerce company in China, reported a remarkable financial performance for the third quarter of 2024, with its GMV surging by 28.3% year-over-year to RMB7,267.0 million and net income skyrocketing by 6,240.6%. The company also achieved a record non-GAAP net income of RMB161.6 million, marking its eighth consecutive quarter of profitability, driven by increased transacting users and expanded station networks.
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