Dingdong (Cayman) Limited (DDL) announced that independent director Ed Chan Yiu Cheong resigned for personal reasons, effective September 30, 2026; the company said his departure was not due to a dispute or disagreement with the company or board. Le Yu was appointed as an independent director effective October 1, 2026, succeeding Chan in his board and committee roles. Yu previously held roles at Dingdong including director and chief strategy officer, and earlier vice president and general counsel, up until September 2023. The board determined that she meets the NYSE independence requirements and the additional audit committee independence requirements under Rule 10A-3.
Dingdong (Cayman) Ltd (DDL) director and 10% owner Changlin Liang’s amended statement reports, as of September 30, 2026, 267,195 American depositary shares held directly, 10,328,321 Class A ordinary shares held by 4DDL Holding Limited, and 54,543,800 Class B ordinary shares held by DDL Group Limited. Liang is the sole shareholder of 4DDL Holding and may be deemed to beneficially own its shares; he beneficially owns DDL Group and can direct the trustee of LX Family Trust regarding DDL Group’s shares.
The amendment removes 23,924,861 Class A ordinary shares held by EatBetter Holding Limited for employee awards under the A&R 2020 Plan from the prior beneficial-ownership disclosure, stating that Liang has no pecuniary interest in those shares.
Dingdong (Cayman) Ltd (DDL) disclosed an initial statement of beneficial ownership by Senior Director Zhu Yikun, reporting several option awards over American depositary shares. These options cover different blocks of ADSs with exercise dates from June 30, 2023 through July 1, 2025 and expirations extending to June 30, 2035.
The reported derivative holdings include options over 12,529 ADSs at an exercise price of $12.00 per ADS and additional options over ADSs with a $0.00 exercise price. The filing also shows 0 ADSs held directly as of the reporting date.
Dingdong (Cayman) Ltd (DDL) reported strong second-quarter 2026 results, with GMV up 11.8% year over year to RMB7,265.3 million and total revenues rising 8.6% to RMB6,487.3 million. Net income grew 153.5% to RMB271.7 million, marking the tenth consecutive profitable quarter under GAAP, while non-GAAP net income increased 120.2% to RMB281.3 million, a 4.3% non-GAAP net margin.
The China business, classified as discontinued operations pending divestiture to Meituan, generated revenues of RMB6,414.1 million and net income of RMB334.9 million, boosted by RMB199.1 million from ceasing depreciation and amortization on held-for-sale long-lived assets. Overseas revenues grew 36.2% to RMB73.2 million, but the net loss widened to RMB63.2 million. Cash, restricted cash and short-term investments stood at RMB4,880.9 million as of June 30, 2026, while short-term borrowings for the China business were RMB1,646.8 million. Dingdong also outlined intra-group funding steps related to up to US$280 million expected from subsidiaries and announced a finance leadership transition from Zhou Chen to Yikun Zhu.
Dingdong (Cayman) Ltd Senior Finance Director Chen Zhou Chamberlain has filed an initial ownership report for the company’s American depositary shares (ADS). The filing shows no ADS held directly, but several outstanding options to buy ADS with future exercise periods and long-dated expirations.
The reported derivative holdings include options linked to 1,800 and 36,000 ADS with an exercise date on July 1, 2024 and expiration on July 1, 2033, as well as options over 6,750 ADS exercisable from June 30, 2025 expiring on June 30, 2034, and 9,900 ADS exercisable from June 30, 2026 expiring on June 30, 2035. A footnote explains that each ADS represents three Class A ordinary shares for every two ADS.
Dingdong (Cayman) Limited reported strong first-quarter 2026 results while preparing to sell its China business to Meituan. Total revenues rose 7.5% year over year to RMB5,892.7 million, and net income jumped to RMB165.4 million from RMB8.0 million a year earlier.
GMV grew 6.3% to RMB6,333.3 million, marking nine straight quarters of year-on-year GMV growth and profitability. Non-GAAP net income reached RMB172.0 million, with a 2.9% non-GAAP net margin. The company has now posted non-GAAP profits for fourteen consecutive quarters and GAAP profits for nine.
China operations, classified as discontinued and held-for-sale under US GAAP, drove most earnings. Stopping depreciation and amortization on these held-for-sale assets increased quarterly net income by about RMB138 million and will continue to benefit results until the Meituan transaction closes, which remains subject to conditions including anti-monopoly clearance from SAMR.
Dingdong (Cayman) Limited, a Cayman holding company for PRC fresh grocery operations, files its annual Form 20-F. Investors in ADSs hold interests in the Cayman entity, not directly in mainland Chinese operating subsidiaries.
The report highlights 299,797,728 Class A and 54,543,800 Class B ordinary shares outstanding as of December 31, 2025. 2025 revenue reached RMB24,359.9 million, up 5.6% year over year, with net income of RMB231.7 million and non-GAAP net income of RMB310.1 million after excluding share-based compensation.
Dingdong details significant PRC-related risks: dependence on dividends from PRC subsidiaries, foreign exchange and dividend restrictions, and potential intervention by PRC authorities over cash or asset transfers. The company discusses prior HFCA Act designation risk tied to PCAOB inspection access and notes this could, if reinstated, ultimately lead to a U.S. trading prohibition of its ADSs.
The filing also describes its February 2026 agreement to sell Dingdong Fresh BVI, which holds substantially all China operations, to a Meituan subsidiary, leaving international business outside the transaction and subject to non-compete constraints. Extensive risk factors cover competition, food safety, data and cybersecurity regulation, PRC licensing and approval needs, and the use and limitations of non-GAAP metrics.
Dingdong (Cayman) Ltd’s Chief Operation Officer, Dylan Ding Yi, filed an initial Form 3 detailing his derivative holdings in options to buy American depositary shares. The filing lists multiple option awards with varying exercise prices and expirations, rather than new stock purchases or sales.
Key positions include options over 293,046 American depositary shares at an exercise price of 0.6642 per share expiring on September 5, 2030, and options over 150,000 American depositary shares at an exercise price of 0.0000 expiring on October 31, 2032. The largest zero‑exercise‑price grant covers 144,375 American depositary shares expiring on June 30, 2035.
Dingdong (Cayman) Limited reported that all resolutions proposed in the notice dated March 10, 2026 were adopted at its 2026 annual general meeting of shareholders held in Shanghai, China. The meeting approved each item submitted for shareholder vote.
The company describes itself as a leading fresh grocery e-commerce platform in mainland China, focused on fresh groceries, prepared food, and other food products. It highlights an extensive self-operated fulfillment grid, in-house production for many private label products, and an ambition to be the first choice for fresh and food shopping.
Dingdong (Cayman) Ltd director and Chief Executive Officer Wang Song filed an initial ownership report showing existing equity interests in the company. The filing lists several options to buy American depositary shares (ADSs) with a stated exercise price of $0.0000 per ADS, covering grants including 262,500, 232,500, 75,000, 13,999, and 27,000 ADSs with expiration dates between 2033 and 2035. It also reports direct ownership of 198,667 American depositary shares. A footnote explains that two ADSs represent three Class A ordinary shares.