Dingdong (cayman) limited announces first quarter 2023 financial results

Shanghai , may 12, 2023 /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 its unaudited financial results for the quarter ended march 31, 2023. first quarter 2023 highlights: gmv for the first quarter of 2023 decreased by 6.8% year over year to rmb5,451.2 million (us$793.8 million) from rmb5,851.3 million in the same quarter of 2022, primarily due to decreased consumer demand in the first quarter of 2023, as most of the pandemic restrictive measures were lifted.
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