SHANGHAI, Nov. 30,
2022 /PRNewswire/ -- Dingdong (Cayman) Limited
("Dingdong" or the "Company") (NYSE: DDL), a leading fresh grocery
e-commerce company in China, with
advanced supply chain capabilities, today announced it has been
added to the MSCI China Small Cap Index, effective after U.S.
markets close on Wednesday, November 30,
2022.
MSCI is a leading provider of critical decision support tools
and services for the global investment community. The MSCI China
Small Cap Index is designed to measure the performance of the small
cap segment of the China market.
With 240 constituents, the index represents approximately 14% of
the free float-adjusted market capitalization of the China equity universe.
Mr. Changlin Liang, Founder and
Chief Executive Officer of Dingdong, commented, "I am delighted
that Dingdong was recognized by MSCI and has been added in their
China Small Cap Index. MSCI index has great influence and reference
value in global capital market. I believe this reflects the
prospect of the company in global capital market, also the strength
of our business, enormous growth opportunities, and our commitment
to global capital markets. Dingdong will keep investing in product
development to launch more quality products, build a stronger
supply chain and continue upgrading user services. We are
well-positioned to deliver on our mission to support our users and
employees, and to create long-term and sustainable growth for our
shareholders."
About Dingdong (Cayman) Limited
We are a leading fresh grocery e-commerce company in
China, with sustainable long-term
growth. We directly provide users and households with fresh
produce, prepared food, and other food products through a
convenient and excellent shopping experience supported by an
extensive self-operated frontline fulfillment grid. Leveraging our
deep insights into consumers' evolving needs and our strong food
innovation capabilities, we have successfully launched a series of
private label products spanning a variety of food categories. Many
of our private label products are produced at our Dingdong
production plants, allowing us to more efficiently produce and
offer safe and high-quality food products. We aim to be Chinese
families' first choice for food shopping.
For more information, please visit https://ir.100.me.
For investor inquiries, please contact:
Dingdong Fresh
ir@100.me
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SOURCE Dingdong (Cayman) Limited