The Market Lifts Dingdong (Cayman) Limited (NYSE:DDL) Shares 30% But It Can Do More
Express News | Dingdong responds to overseas Middle East: the related business is still in the preliminary exploration stage.
dingdong (DDL.US) initiates overseas expansion plan, with the first location selected as Saudi Arabia.
Dingdong has announced the launch of its overseas expansion plan, with Saudi Arabia being the first stop. Internal sources of the company revealed that the main strategy for overseas expansion is to sell pre-cooked food, fresh, refrigerated food, and groceries and other commodities to the local market. Dingdong is competitive in the pre-cooked food sector, with pre-cooked food GMV exceeding 0.9 billion RMB in 2021, with a penetration rate of 30%. As the largest economy in the Middle East, Saudi Arabia provides a broad market space for Dingdong. This 'going global' initiative is expected to expand market share and brand influence. At the same time, the Saudi government has been actively promoting economic diversification in recent years, encouraging foreign enterprises to enter, which benefits Dingdong.
Express News | Exclusive | Dingdong has started its international expansion: the first stop has been selected as Saudi Arabia, and new international management trainee positions have been added through campus recruitment.
Express News | dingdong is testing unmanned vehicle delivery in Hangzhou.
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