The Zhitong Finance App learned that Dingdong Grocery Shopping (DDL.US) shares rose higher on Tuesday. As of press release, the stock had risen more than 7% to 5.1 US dollars. Earlier, J.P. Morgan raised the stock's target price to $7.5.

According to the news, Dingdong Grocery Shopping has already achieved a fully automated signing process with partners through electronic contracts at the University of France, using digital technology to effectively improve the efficiency of enterprise operation and management.

During the COVID-19 pandemic, fresh e-commerce became an important part of safeguarding residents' daily lives. Consumer demand for shopping was strong, and orders from major fresh e-commerce platforms surged. According to third party data, the number of fresh e-commerce companies in 2022 was nearly three times that of 2017. There is a pattern of continuous innovation within the industry. There are external companies entering the market across banks to seize market share, and industry competition continues to intensify. Faced with this competitive pattern, reducing costs and increasing efficiency has become a major priority for enterprises. However, cooperation with the University of France is one of Dingdong Grocery Shopping's important measures to reduce costs and increase efficiency for enterprises.