Capital, Earnings & M&A
The Money-Burning Battle of the Vegetable Basket: Two Years of Losses Totaling 11.6 Billion, Are Dingdong and Miss Fresh Relying on IPOs to 'Stay Alive'?
Fresh food e-commerce is a crowded and extremely capital-intensive track. The two leading players in the home-delivery model, Miss Fresh and Dingdong Maicai, one an experienced veteran and the other an aggressive newcomer, have been fiercely competing in first-tier cities, and both filed their IPO prospectuses on the same day. However, their situations differ: Dingdong, which began aggressive expansion in 2020, is losing more and more, while Miss Fresh's revenue growth has stalled.
李鑫、秦海清