Dingdong (Cayman) Limited (DDL) saw its shares surge 6.25% during the intraday session on Friday, driven by market rumors of a potential acquisition by JD.com.
The speculation has sparked significant investor interest, with neither JD.com nor Dingdong commenting on the rumors. Such a move would align with JD.com's aggressive expansion into offline retail, including its self-operated supermarket chain, 7FRESH.
Dingdong's strong financial performance, including a 6.7% year-on-year revenue increase and sixth consecutive quarter of profitability in Q2 2025, may also be contributing to the positive market reaction.