Dingdong (Cayman) Ltd (NYSE: DDL)

Dingdong (Cayman) Limited is a leading fresh grocery e-commerce company in mainland China. The company directly provides users and households with fresh groceries prepared food and other food products through a convenient shopping experience supported by an extensive self-operated frontline fulfillment grid. It aims to be the Chinese families' first choice for food shopping.

The company generates revenue through the sale of fresh groceries prepared food and other food products via its e-commerce platform. Its revenues increased from RMB19,971.2 million in 2023 to RMB23,066.3 million in 2024 and further to RMB24,359.9 million (US$3,483.4 million) in 2025. Gross merchandise volume (GMV) grew from RMB21,969.3 million in 2023 to RMB25,557.4 million in 2024 and RMB26,436.2 million (US$3,780.3 million) in 2025.

The fresh grocery e-commerce industry in mainland China is intensely competitive. Dingdong (Cayman) Limited competes against other fresh grocery e-commerce players traditional e-commerce platforms offering general merchandise and major traditional retailers entering the fresh grocery space. The company believes it is well-positioned to compete based on its product development capabilities technology integration and supply chain efficiency.

Dingdong (Cayman) Limited serves users and households across mainland China with a focus on Chinese families seeking convenient food shopping solutions. The company provides fresh groceries prepared food and other food products to its customer base through its e-commerce platform and fulfillment network.