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Dingdong rings on its East China base to fatten profits

The nation’s top online grocer is trying to boost profits by focusing on membership services and its base in affluent Shanghai, as well as adjacent Zhejiang and Jiangsu provinces.

This article only represents the author's own views.

Leading online grocer Dingdong (Cayman) Ltd. (DDL.US) is emerging as a battleground between investors, who are quite negative on the company, and an analyst community that is quite positive. That growing divide was on display last Friday after Dingdong announced its latest quarterly results, which sent investors scurrying for the door, even as the 10 analysts who followed the company all rated it a “buy” or “strong buy.”

So, why such strongly differing views?

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詠竹坊(官網鏈接)提供在香港和美國上市的中國企業相關新聞,重點關注中小企業和籌備上市的公司。

Bamboo Works (official website) provides news on Chinese companies listed in Hong Kong and the United States, with a strong focus on mid-cap and also pre-IPO companies.

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