Dingdong Announces Intention to Utilize Substantial Majority of Proceeds from Sale of China Operations for Share Repurchase Plans and/or Dividends upon Closing of Transaction
Dingdong (Cayman) Limited American Depositary Shares (each two representing three Ordinary Shares) (DDL)
Company Research
Source: PR Newswire
SHANGHAI, Feb. 10, 2026 /PRNewswire/ -- Dingdong (Cayman) Limited ("Dingdong Cayman" or the "Company") (NYSE: DDL), a leading fresh grocery e-commerce company in China, today announced that it intends to utilize a substantial majority of the cash proceeds from the sale of its China operations upon the closing of such Transaction (as defined below) for share repurchases or the issuance of dividends to its shareholders.As previously disclosed on February 5, 2026, the Company entered into a definitive Share Purchase Agreement (the "Share Purchase Agreement") with Two Hearts Investments Limited ("Buyer"), a wholly-owned subsidiary of Meituan (HKEX: 3690). Pursuant to the Share Purchase Agreement, Dingdong Cayman has agreed to sell to the Buyer all issued and outstanding shares of Dingdong Fresh Holding Limited, Dingdong Cayman's wholly-owned subsidiary incorporated in the British Virgin Islands ("Dingdong BVI" or the "Target Company"), which holds through a series of wholly-owned and majo
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DDL
News
- Dingdong enters into definitive agreement to sell China business to Meituan [Seeking Alpha]Seeking Alpha
- Dingdong Announces Entry into Definitive Agreement to Sell its China Business to MeituanPR Newswire
- February 2026's Top Penny Stocks To Watch [Yahoo! Finance]Yahoo! Finance
- Spotlight On Penny Stocks For February 2026 [Yahoo! Finance]Yahoo! Finance
- Dingdong (Cayman) Limited: Why It Could Be Better Off Teaming Up [Seeking Alpha]Seeking Alpha
DDL
Sec Filings
- 2/10/26 - Form 6-K
- 2/5/26 - Form 6-K
- 11/13/25 - Form 6-K
- DDL's page on the SEC website