On Tuesday, Chinese online grocer Dingdong Maicai reported RMB 5.4 billion ($860 million) revenue in the fourth quarter of 2021, a 72% yearly increase and its best quarter since it was founded in 2017. The company narrowed its net loss margin to less than 13% and turned its first gross profit in Shanghai, its home city. Dingdong said it plans to invest more in long-term areas such as product capabilities, traffic operations, and infrastructure in the coming year. [Dingdong Maicai press release]

Trip.com Group (formerly Ctrip), a leading Chinese travel services provider, has announced a hybrid work model that allows employees to work remotely on certain days. The company had previously run remote work trials, with 88% of participants expressing support for the hybrid work model. Numerous tech companies in China have adopted temporary remote work models at various stages of the pandemic, but Trip.com Group is the first major tech-based company in mainland China to formalize a long-term hybrid work policy. [Trip.com Group press release]

Dmonstudio, a Shein-like shopping website reportedly owned by ByteDance, announced that it would close on Feb. 11 and is now inaccessible. The site operated for just three months since registering on Nov. 3, last year. Dmonstudio sold fashionable women’s clothing at bargain prices, and its products were deliverable to 100 countries worldwide. ByteDance, the parent company of TikTok, has increasingly expanded its business to cover e-commerce and released a global e-commerce platform called Fanno by the end of 2021. [SCMP]

US electric vehicle (EV) maker Tesla sold 59,845 China-made vehicles in January, a month-on-month decrease of 15%, the China Passenger Car Association (CPCA) said on Monday. CPCA said retail sales of passenger EVs in China totaled 347,000 units for January, down 27% from a month earlier. The industry group attributed this decline, in part, to the earlier Lunar New Year holiday, which meant a loss of three to five working days for local automakers. BYD’s EV sales fell to 93,101 units in January from the previous month, while young EV makers Xpeng and Li Auto sold 12,922 and 12,268 vehicles, respectively. [CPCA release, in Chinese]

Duoduo Maicai, the grocery delivery arm of Chinese e-commerce giant Pinduoduo, is testing a delivery pickup service similar to that offered by Cainiao Yizhan, which is operated by Alibaba’s logistics arm Cainiao, local media outlets reported. The company has partnered with major couriers in China, including China Post, ZTO Express, Yunda Express, and more, to receive and send parcels on users’ behalf. Pinduoduo is offering a subsidy of RMB 3,000 ($471) for delivery merchants who join the platform. [Beijing Business Today, in Chinese]