Capital, Earnings & M&A
Dingdong Maicai's Ordeal
In July this year, as news of Miss Fresh's 'on-the-spot dissolution' spread, the company, once hailed as the 'first stock of fresh food e-commerce', ultimately met its downfall. Dingdong Maicai, which shares striking similarities with Miss Fresh in terms of the front-warehouse model, operational strategies, and even financing pace, has come under more intense scrutiny from the outside world following Miss Fresh's collapse. Recently, Dingdong Maicai released its Q3 2022 financial report, showing total revenue of 5.943 billion yuan, a year-on-year decrease of 4%; net loss of 345 million yuan, and Non-GAAP net loss of 285 million yuan, with the loss narrowing by 85.6% year-on-year.
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