PDD - Wall Street Gives Thumbs Down To Online Grocers' Business Model
- U.S. investors have given a chilly reception to newly listed online grocers Missfresh Ltd. and Dingdong Ltd., worried about both companies’ continued losses in the face of fierce competition.
- Newer rivals Meituan and Pinduoduo are hungrily eying the market and have far deeper pockets to fund their own online grocery forays.
- As their spending and losses both mount with no end in sight, investors are looking at the latest cash balances at Missfresh and Dingdong and worry how long the pair can continue to operate at their current pace.
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Wall Street Gives Thumbs Down To Online Grocers' Business Model