Dingdong Maicai Reports Q3 Revenue of $960.6 Million, a YoY Increase of 111%

Dingdong Maicai, a fresh produce e-commerce brand listed in U.S., released its financial report for the third quarter of 2021 on Monday, showing total revenue of 6.2 billion yuan ($960.6 million) during the period, an increase of 111% compared with the 2.93 billion yuan recorded in the same period of 2020.

The grocery-based e-commerce platform’s net loss…