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Dingdong Maicai files for IPO in the US By Zhang Jie | chinadaily.com.cn | Updated: 2021-06-09 13:11 Share An employee of online grocery platform Dingdong Maicai packs vegetables in Shanghai. [Photo/Xinhua]
China s omnichannel grocery online retailer Dingdong Maicai has submitted its IPO prospectus to the United States Securities and Exchange Commission, with a stock code of DDL , news portal Sina reported on Wednesday.
According to the prospectus, the firm s revenue was 3.88 billion yuan ($606 million) in 2019, and 11.34 billion yuan in 2020, and the figure reached 3.8 billion yuan in the first quarter of this year, increasing 2.6 billion yuan over the same period last year with total orders reaching 69.7 million.