Dingdong shopping released the third quarter performance report, and its revenue increased by 111% year-on-year

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On the evening of November 15, dingdong shopping (NYSE: DDL) released the third quarter (Q3) performance report as of September 30, 2021.
The report shows that Ding Dong’s revenue from buying vegetables in the quarter was 6.19 billion yuan, an increase of 111% year-on-year compared with Q3 last year; Gmv was 7.02 billion yuan, a year-on-year increase of 107.7%. During the reporting period, Ding Dong’s net loss under the non GAAP standard was RMB 1975.6 million. By the end of Q3 this year, Ding Dong had 1375 front warehouses in 37 cities across the country, and the number of cities entered had increased by 185% compared with the same period last year.