Ecommerce startup Dingdong Fresh gets a $330 funding round extension
Online Groceries eCommerce company Dingdong Fresh announced that its D round had been increased by another $330 million. Softbank Vision Fund led this additional round of funding. Just more than a month ago, Dingdong Fresh announced the closing of a $700 million funding round. As a result, Dingdong Fresh's cumulative Round D funding reached $1.03 billion. The growth of DingDong Fresh has increased sharply in the past two years due to the strong group buying trend on the one hand and the external COVID-19 shock on the other. Dingdong Fresh already had a GMV of over 14 billion yuan last year and should grow much further this year. This funding is necessary because all major eCommerce companies are investing billions in the group buying trend.
This briefing is contributed by CIMK
Source: CIMK
In-depth
Financials, Consumer Discretionary, Consumer Staples
Is the U.S. TikTok the biggest opportunity for going global in 2024?
TikTok, a short-video social platform under ByteDance, made its debut in May 2017 and has since become a global phenomenon with over 1 billion active users worldwide.
Jan 16, 2024 06:05 AM
Briefing Jan 13, 2023 11:16 AM
· Consumer Staples
CHINA RES BEER Became the Largest Shareholder of Jinshajiuye with 55.19% of Stake
Apr 25, 2022 01:02 PM
Research
Consumer StaplesChina’s Food and Beverage Industry in Search of Methods to Shrink its Carbon Footprints
Apr 19, 2022 11:38 PM
Jun 29, 2021 11:48 PM
Research
Healthcare, Technology, Consumer StaplesWIA2020 | Rising Tech Stars 2020: Global & China's 100
Dec 09, 2020 09:57 AM
Briefing Jan 13, 2023 10:58 AM
· Consumer Staples
Chinese Dessert Brand Hutouju Raises Tens of Mins of CNY in a New Round of Funding
Briefing Jan 12, 2023 02:39 PM
· Consumer Staples
Chinese Bread Brand Toly Bread Achieves a Total Revenue of CNY 6.69 Bn in 2022, Up 5.54% YoY
Briefing Jan 06, 2023 04:57 PM
· Consumer Staples
Chinese Cookie Brand Sable Raises CNY 50 Mn in Series A Funding Round
Briefing Jan 06, 2023 02:13 PM
· Consumer Staples
Chinese B2B Food Supplier SHISHILIAN Raised about CNY 10 million from Angel Funding Round
Briefing May 18, 2022 06:18 PM
· Consumer Staples
Lemon tea brand "lemon season" is a wholly-owned investment in RUU coffee brand
Briefing May 17, 2022 04:30 PM
· Consumer Staples
The new products of duomaomao lactic acid bacteria + real fruit juice were launched and sold for tens of millions in two months
Consumer Staples · Analysis
Chinese Cuisine Brand YGF Malatang Ventures into Brazil
“Go Global or Go Down”.A new wave of Chinese culinary expansion overseas has emerged, with an increasing number of Chinese restaurant brands stepping onto the international stage. While Southeast Asia and Europe and America remain primary territories for Chinese cuisine abroad, Latin America, the farthest from China, also eagerly anticipates the arrival of Chinese restaurant brands, longing to experience the unique charm of Chinese cuisine.
Yesterday 02:21 PM
Briefing Mar 01, 2022 11:06 AM
· Consumer Staples
Rice ball takeout has officially entered the Australian market, and high-quality takeout services have captured overseas food
Briefing Dec 30, 2021 10:03 AM
· Consumer Staples
Robosen completed round B and round B + financing of nearly US $100 million
Briefing Dec 21, 2021 09:40 AM
· Consumer Staples
Happy cake has completed a new round of financing of RMB 100 million, led by Asian business capital and followed by Chunjian capital. The listing plan will be launched in the future
See more
Read next
Insight
In-depth
Consumer Staples · Analysis
Chinese Cuisine Brand YGF Malatang Ventures into Brazil
Yesterday 02:21 PM
Insight
In-depth