Dingdong agreed to sell its domestic grocery delivery operations to Meituan for $717 million, highlighting intense price wars in China's instant commerce sector. Meanwhile, India blocked a Chinese private equity firm's investment in an Italian company with Indian operations, signaling rising geopolitical protectionism in cross-border M&A deals.

Dingdong, one of China's earliest online grocers, is selling its core China business to rival Meituan for $717 million as it struggles to compete against larger e-commerce giants like Alibaba and JD.com in the intense instant commerce sector. The deal represents a consolidation in China's online retail landscape, with Dingdong's stock falling 14% following the announcement. The combined entity will create a significant player in China's grocery delivery market.

China's largest community-based fresh grocer Qdama is preparing for a Hong Kong IPO after its aggressive franchise expansion encountered significant headwinds. Operating nearly 3,000 stores, the company reported a net loss of 288 million yuan in the first nine months of 2025 (excluding one-time adjustments), down from a peak of 3,700 stores. The company faces challenges including failed North China expansion, franchisee profitability issues, intense competition from well-funded rivals, and thin profit margins typical of the grocery sector.

The global crowdfunding market is expected to grow from $19.86 billion in 2023 to $72.88 billion by 2032, driven by increased adoption in healthcare and the popularity of reward-based crowdfunding.

Here is how Dingdong (Cayman) Limited Sponsored ADR (DDL) and Itochu Corp. (ITOCY) have performed compared to their sector so far this year.

DDL, FINW, SCS, PGR and ITGR have been added to the Zacks Rank #1 (Strong Buy) List on November 17, 2023.

U.S. stock futures traded higher this morning on Friday. Here are some big stocks recording losses in today’s pre-market trading session. PagerDuty, Inc. (NYSE: PD) shares tumbled 9.1% to $23.43 in pre-market trading. PagerDuty posted upbeat second-quarter results, but issued weak earnings forecast for the current quarter. Broadcom Inc. (NASDAQ: AVGO) shares declined 4.5% to $882.01 in pre-market trading. Broadcom posted upbeat ...

The CNN Money Fear and Greed index showed a decline in overall sentiment among U.S. investors on Thursday. U.S. stocks closed mostly lower, with the Dow Jones falling around 170 points on Thursday. The Nasdaq Composite, however, gained for a fifth straight day, but recorded its worst month of the year. Shares of Salesforce, Inc. (NYSE: CRM) gained 3% on Thursday after the company reported better-than-expected second-quarter financial results and issued FY24 guidance above estimates. On the economic data front, U.S. initial jobless claims fell by 4,000 from the previous week’s revised reading to 228,000 on the week ending Aug. 26, ...

U.S. stocks traded higher, with the Dow Jones gaining around 250 points on Monday. Here are some big stocks recording gains in today’s session. Hersha Hospitality Trust (NYSE: HT) shares gained 56.5% to $9.82 after it announced a merger with KSL Capital Partners LLC, an investor in travel and leisure businesses. Hawaiian Electric Industries, Inc. (NYSE: HE) jumped 41.8% to $13.70 after the company released an in-depth response to the lawsuit recently filed by the County of Maui surrounding the tragic fires on August 8. Thorne HealthTech, Inc. (NASDAQ: THRN) rose 29.3% to $10.10 after the company entered an agreement to be acquired by L Catterton for $10.20 per share in cash. RPT Realty (NYSE:

China's central bank recently cut a key policy rate.

Chinese stocks rose today on the belief that the Chinese government may soon inject more stimulus into the economy.

U.S. stocks traded higher, with the Dow Jones gaining over 400 points on Friday. Here are some big stocks recording gains in today’s session. U Power Limited (NASDAQ: UCAR) shares gained 65.4% to $12.55. U Power shares jumped 144% on Thursday after the company announced it entered into a framework strategic cooperation agreement with Quantum Solutions Co in Japan. Samsara Inc. (NYSE: IOT) rose 30.3% to $24.77 after the company reported better-than-expected first-quarter results and raised its FY24 outlook. MongoDB, Inc. (NASDAQ: MDB) shares climbed 29.8% to $381.69 after the company reported upbeat results for its first quarter and issued strong projections. The Chemours Company (NYSE: CC) gained 24.5% to $33.76 after the company announced it agreed to sell its Glycolic Acid business to PureTech Scientific for $137 million. Quanex Building Products Corporation (NYSE: NX) jumped 19.4% to $25.17 following upbeat quarterly earnings. iHeartMedia, Inc. (NASDAQ: IHRT) gained ...