- Online grocer Dingdong boosted its edge over older rival Missfresh by posting sharply stronger revenue growth in the second quarter.
- The 4-year-old Dingdong saw its second quarter revenues rise nearly 80% to 4.65 billion yuan ($719.6 million) from the same period in 2020.
- Those gains were roughly double the growth rate from Missfresh, founded in Beijing in 2014, whose revenues rose 40.7% to 1.9 billion yuan in the same period and which forecast far slower growth of 40% to 45% in the third quarter.
For further details see:
Dingdong Boosts Lead Over Older Rival For High-End Grocery Delivery