This article only represents the author's own views.
There’s nothing like the loss of a major competitor and a pandemic to lift your bottom line.
Okay, so maybe leading online grocer Dingdong (Cayman) Ltd. didn’t mention the recent demise of former archrival Missfresh (MF.US) in its latest quarterly results, which show it recorded its first-ever profit on both an adjusted and net basis in last year’s fourth quarter. But the fall of such a major rival was almost certainly a major factor that allowed Dingdong to reach that milestone.
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