Chinese grocery unicorn Dingdong aims for $6bn valuation, New York IPO


Source: disruptive.asia disruptive.asia

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June 23, 2021 News Centre News 0 FILE PHOTO: A delivery worker of Chinese online grocery Dingdong Maicai works at a shop on a street in Shanghai, China June 10, 2021. REUTERS/Aly Song (Reuters) -Chinese unicorn Dingdong, backed by SoftBank Vision Fund II, is aiming for a more than $6 billion valuation in its New York debut as the grocery app joins Asian tech startups seeking to tap into the IPO boom in the United States. The valuation represents a jump of over 20% from the $5.1 billion the company was worth after the Japanese conglomerate invested in it last...