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DDL - Dingdong Pulls Further Away From Old Opponent But Profits Remain Far Off
Dingdong (Cayman) Limited American Depositary Shares (each two representing three)
Dingdong’s revenue doubled in the third quarter, but its loss grew even faster by 1.4 times as it became trapped in a cycle of ‘greater losses with more income’.
The company’s management admitted returns on investment are still a long way off.
For now, we know the company has grown bigger and is now a clear leader in the vast China market.