On Monday, Shanghai-based online grocery company Dingdong Maicai reported its first quarterly GAAP profit, posting a figure of RMB 49.9 million ($7.3 million) for the fourth-quarter. The company’s revenue for this period was up 13.1% from last year, reaching RMB 6.2 billion. Why it matters: The latest financial result shows that online grocers like Dingdong[…[…
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