Predict your next investment

MOBILE & TELECOMMUNICATIONS | Mobile Commerce / Food & Grocery
100.me

See what CB Insights has to offer

Founded Year

2017

Stage

IPO | IPO

Total Raised

$1.33B

Date of IPO

6/29/2021

About Dingdong Maicai

Dingdong Maicai (NYSE: DDL) is a self-operated fresh food platform and life service app that provides delivery services. The main products provided are vegetables, soy products, fruits, meat, poultry and eggs, aquatic seafood, rice, noodles, grains and oils, snack foods, and more.

Dingdong Maicai Headquarter Location

Building 6, Lane 500, Shengxia Road Pudong New District

Shanghai, Shanghai,

China

+86 021-50191102

Latest Dingdong Maicai News

Dingdong Maicai posts mixed results in first-ever quarterly report

Aug 31, 2021

Details: Dingdong Maicai recorded second quarter revenue of RMB 4.6 billion ($719.6 million), climbing 77.9% year-on-year. The company’s gross merchandise volume for the reporting period reached RMB 5.4 billion, increasing 80.8% year-over-year from RMB 2.9 billion in the same quarter of 2020. However, Dingdong’s net loss more than doubled to RMB 1.7 billion, compared with RMB 714.5 million a year ago. The number of average monthly users on the delivery platform reached 8.4 million, up 39.1% from a year ago. Dingdong Maicai manages its own warehouses in residential neighborhoods for quick delivery. The company operated 1,136 such facilities as of June, more than double the 625 warehouses of rival MissFresh. “Geographically speaking, we achieved 49.8% year-over-year growth in our GMV from our most mature markets in the Yangtze Delta region,” said Liang Changlin, founder and chief executive officer of Dingdong, in an emailed statement, referring to the area along Yangtze River in eastern China which includes Shanghai, as well provinces of Jiangsu, Zhejiang, and Anhui. Growth was mainly driven by a rise in customers and an increase in purchase frequency from existing users. In the third quarter, the company expects a 100% year-on-year revenue increase and improved gross margin. Dingdong also expects its net losses to narrow over the next two quarters. Shares in Dingdong closed  at $21.31 in overnight trading in the US on Monday. The company’s offering price was $23.5 apiece. Context: Dingdong Maicai raised $95.7 million after making its New York debut in late June. The company downsized its IPO by more than 74% from its initial $357 million target set earlier in the month. MissFresh, which filed for a US IPO on the same day as Dingdong, raised $273 million in a Nasdaq IPO on June 26.

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Research containing Dingdong Maicai

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Dingdong Maicai in 2 CB Insights research briefs, most recently on Aug 26, 2021.

Expert Collections containing Dingdong Maicai

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Dingdong Maicai is included in 2 Expert Collections, including On-Demand.

O

On-Demand

1,239 items

F

Food & Beverage Delivery (Grocery & Meal)

1,368 items

Startups and tech companies offering online grocery, food, beverage, and meal delivery services.

Dingdong Maicai Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
CBI Logo

Dingdong Maicai Rank

CB Insights uses Cookies

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.