China: Dingdang Kuaiyao goes public in Hong Kong: revenue in the first quarter of 2021 increases by 55% year-on-year, with a loss of 764 million yuan
It is reported that Dingdang Health Technology Group Co., Ltd., parent company of Dingdang Kuaiyao, submitted a listing application to Hong Kong Exchanges, with CICC and CMB International as joint sponsors.
Tianyancha App shows that Dingdang Kuaiyao has received 7 rounds of financing since its establishment. On June 8, the company just announced the completion of a US$220 million financing, which was jointly led by TPG Asia Fund, OrbiMed Healthcare Fund, and Redview Capital. Other institutions followed the investment, including Valliance Asset, Orchid Asia, Summer Capital, and Yingke PE.
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