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Dingdong has grown bigger and is now a clear leader in the huge China market
$Dingdong (DDL.US)$
The company has grown bigger and is now a clear leader in the vast China market.
Dingdong’s revenue doubled in the third quarter, but its loss grew too due to expansion which is common for many big companies in order to dominate as quickly as possible.
Dingdong released the fourth quarter performance report as of December 31, 2021. According to the data, Dingdong achieved a revenue of 5.484 billion yuan in the fourth quarter, a year-on-year increase of 72.0%
The company has grown bigger and is now a clear leader in the vast China market.
Dingdong’s revenue doubled in the third quarter, but its loss grew too due to expansion which is common for many big companies in order to dominate as quickly as possible.
Dingdong released the fourth quarter performance report as of December 31, 2021. According to the data, Dingdong achieved a revenue of 5.484 billion yuan in the fourth quarter, a year-on-year increase of 72.0%
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