On May 12, Chinese online grocer Dingdong Maicai released its unaudited first-quarter financial results, announcing a revenue of RMB 5 billion ($0.72 billion), representing an 8.2% year-on-year decrease. The company’s reported non-GAAP net income for the first quarter of 2023 was RMB 6.1 million ($0.9 million…
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