Dingdong Stock Included in MSCI China Small Cap Index
Dingdong (Cayman) Limited (NYSE: DDL) announced its inclusion in the MSCI China Small Cap Index, effective after U.S. markets close on November 30, 2022. This index tracks the performance of small cap stocks in China, comprising 240 constituents that represent approximately 14% of the market capitalization of the Chinese equity universe. CEO Changlin Liang expressed confidence that this recognition reflects the company’s strength and growth potential in the global capital market, emphasizing ongoing investments in product development and supply chain enhancements.
- Inclusion in MSCI China Small Cap Index enhances credibility and visibility.
- Potential access to a larger pool of investors and increased trading volume.
- Commitment to ongoing product development and supply chain improvements.
- None.
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
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.
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SOURCE Dingdong (Cayman) Limited
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