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Dingdong Shares Rise After Plans for Share Repurchases or Dividends

Provided by Dow Jones Feb 10, 2026, 6:46:00 PM

By Chris Wack

Dingdong (Cayman) Limited shares were 7% higher, at $2.91, after the company said it intends to use a substantial majority of the cash proceeds from the sale of its China operations for share repurchases or the issuance of dividends to its shareholders.

The China-based fresh grocery e-commerce company previously entered into a definitive share purchase agreement with Two Hearts Investments Limited, a wholly owned subsidiary of Meituan, on Feb. 5.

Under the agreement, Dingdong Cayman has agreed to sell to all issued and outstanding shares of Dingdong Fresh Holding Limited, Dingdong Cayman's wholly owned subsidiary for cash consideration of up to $997 million.

Write to Chris Wack at chris.wack@wsj.com

(END) Dow Jones Newswires

February 10, 2026 13:46 ET (18:46 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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