#China #Shanghai #Dingdong #Song Wang #Changlin Liang

Dingdong's Leadership Change Marks a New Era

Dingdong (Cayman) Limited has made headlines today with the announcement of a major leadership change. As a key player in China's fresh grocery e-commerce sector, Dingdong is set to embark on a new journey under the stewardship of Mr. Song Wang, who has been appointed as the new Chief Executive Officer (CEO). This transition comes as Changlin Liang, the company's founder and long-serving CEO, officially steps down from his executive role but remains on as Chairman of the Board.

A Transition Rooted in Experience

Mr. Liang has been an influential figure since Dingdong's inception in May 2017, guiding the company through the competitive landscape of e-commerce. Under his leadership, Dingdong has thrived, especially during the pandemic, where the company played a crucial role in ensuring the public had access to essential goods. His reflections on the company's journey highlight a steadfast commitment to product quality and exceptional service standards, which have been pivotal to Dingdong's success.

Following the announcement, Mr. Liang expressed pride in the company's achievements, stating, "Our past milestones confirm that the only sustainable path forward is to embrace challenges and prioritize what is best for our users and the larger society."

As Mr. Wang steps into his role, he brings a wealth of experience that aligns with Dingdong's mission. Having held multiple positions within the company, including Chief Financial Officer and Senior Vice President, Mr. Wang's understanding of the business's intricacies forms a solid foundation for future initiatives. His leadership during critical operational phases has already demonstrated his capabilities in generating growth and profitability.

Strategic Focus Moving Forward

In his first comments as CEO, Mr. Wang articulated the company's vision, emphasizing the goal of making premium fresh groceries as accessible as tap water. He acknowledges that achieving such ambition hinges on reinforcing product differentiation, enhancing supply chain efficiencies, and ensuring a user-first approach in service delivery. Mr. Wang's commitment to innovation will play a crucial role in maintaining Dingdong's competitive edge, particularly in planning sustainable retail models that will create long-term value for all stakeholders, including consumers and shareholders.

Change at the Technology Helm

In another notable shift, Dingdong’s Chief Technology Officer, Mr. Xu Jiang, has also announced his resignation, effective at the end of March 2026. His exit, attributed to personal reasons, opens up a critical opportunity for the company to redistribute technological responsibilities among its leadership team, thereby ensuring the continuity of Dingdong’s technological functions and development.

Mr. Liang recognized Mr. Jiang’s significant contributions, particularly in digitizing the supply chain processes that are now a hallmark of Dingdong’s operational framework.

Conclusion

As Dingdong navigates this pivotal leadership change, all eyes will be on how Mr. Wang steers the company toward its ambitious goals. His blend of operational insight and commitment to customer service is expected to further enhance Dingdong's position in the competitive e-commerce landscape. The company’s journey is a testament to resilience and adaptation, with its leadership embodying the spirit necessary to seize future opportunities while overcoming challenges. As Dingdong moves forward with a renewed focus on quality and efficiency, it aims not only to maintain its momentum but also to redefine the standards of grocery e-commerce in China.

For more information about Dingdong and its leadership updates, visit Dingdong Investor Relations.