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Dada Nexus Limited (symbol: DADA) is a leading crowdsourced delivery service provider in China, offering two core business platforms: Dada Now and JD Daojia (JDDJ). Established in 2014, Dada Nexus has grown rapidly to cover over 360 major cities across China, connecting millions of users with efficient, on-demand delivery services.
Dada Now is an innovative on-demand delivery platform that specializes in last-mile and intracity logistics. It employs a crowdsourcing model, utilizing over three million delivery personnel to ensure swift and reliable service. The platform handles over four million orders daily, with 99% of deliveries completed within an hour.
JD Daojia (JDDJ) is an online retail platform that connects consumers with local merchants, offering a wide range of products from fresh produce and groceries to snacks, flowers, and health products. JDDJ operates in 22 cities, including Beijing, Shanghai, and Guangzhou, serving over 30 million registered users. Through LBS (Location-Based Services) technology, JDDJ provides rapid delivery, often within one hour.
The company has secured significant investments from top-tier funds and strategic partners like Sequoia, DST, JD.com, and Walmart, amassing nearly $700 million in funding. In 2016, Dada Nexus and JDDJ merged, with JD.com obtaining a 47.4% ownership stake in exchange for its JDDJ business. As of June 2023, JD.com and Walmart own 53.9% and 9.3% of Dada Nexus, respectively.
Dada Nexus' robust financial performance is supported by strategic partnerships and continuous innovation in delivery solutions. Competing with other major logistics companies like SF Intra-City, Didi, and Meituan, Dada Nexus remains a key player in China's logistics and on-demand retail market.
For more information, please visit Dada Nexus Investor Relations.
Dada Nexus (NASDAQ: DADA) reported Q3 2024 financial results with total net revenues of RMB2,429.4 million, down 7.3% year-over-year. JD NOW's monthly transacting users and orders through the JD App grew over 100% YoY. Dada NOW revenue increased 38.6% to RMB1,499.2 million, driven by growth in intra-city delivery services. The company reported a net loss of RMB197.3 million, compared to RMB166.0 million in Q3 2023. Non-GAAP net loss was RMB59.4 million. Order volume reached 648.4 million with gross billings of RMB3,098.2 million.
Dada Nexus (NASDAQ: DADA), China's leading local on-demand retail and delivery platform, will release its unaudited financial results for the third quarter ended September 30, 2024, on Wednesday, November 13, 2024, after U.S. markets close. The company will host a conference call at 8:30 p.m. Eastern Time on November 13 (9:30 a.m. Beijing time on November 14). A telephone replay will be available until November 21, 2024, and a webcast will be accessible on Dada's Investor Relations website.
Dada Nexus (NASDAQ: DADA) announced its Q2 2024 financial results. Total net revenues were RMB2,349.9 million, down 9.5% year-over-year. JD NOW revenues decreased 43.5% to RMB912.4 million, while Dada NOW revenues increased 46.6% to RMB1,437.5 million. The company reported a net loss of RMB286.2 million, compared to RMB158.7 million in Q2 2023. Non-GAAP net loss was RMB142.3 million. JD NOW saw over 100% year-on-year growth in monthly transacting users and orders through the JD App. Dada NOW's revenue grew over 50% year-on-year in H1 2024. The company's focus remains on user experience optimization and high-quality development.
Dada Nexus (NASDAQ: DADA), China's leading local on-demand retail and delivery platform, has announced significant management changes. The Board has elected Mr. Kevin Qing Guo as a new director and chairman, succeeding Mr. Ian Su Shan, who will remain a director. Additionally, Mr. Bing Fu has resigned as Interim President. The Board is actively evaluating the Company's leadership composition for long-term development.
Mr. Guo, a consultant to JD.com and Dada since April 2024, is also the co-founder and CEO of Robot-X, a cooking robotics company. He previously held key positions at Meituan. These changes aim to strengthen Dada's leadership and potentially bring fresh perspectives to the company's strategic direction.
Dada Nexus (NASDAQ: DADA), China's leading local on-demand retail and delivery platform, has announced it will release its unaudited financial results for the second quarter ended June 30, 2024, on Tuesday, August 20, 2024, after the close of U.S. markets. The company will host a conference call to discuss the earnings at 9:30 p.m. Eastern Time on the same day (9:30 a.m. Beijing time on Wednesday, August 21, 2024).
Interested parties can pre-register for the conference call using the provided link. Upon registration, participants will receive dial-in numbers, a conference call passcode, and a unique access PIN. A telephone replay of the call will be available until August 28, 2024. Additionally, a live and archived webcast of the conference call will be accessible on the Investor Relations section of Dada's website.
Dada Nexus (NASDAQ: DADA), a leading local on-demand retail and delivery platform in China, released its 2023 ESG report, highlighting significant environmental, social, and governance (ESG) initiatives. Important achievements include a 30% decrease in quality-related issues, a 95% fulfillment rate, and a 90% after-call satisfaction rate. The company achieved a 15% increase in user NPS and collaborated with over 500,000 merchant stores and 300 brands. Dada also emphasized rider safety with high satisfaction rates and extensive training. In green development, Dada reduced Scope 1 and 2 emissions by 18% and increased biodegradable plastic usage to 92%.
Dada Nexus , a leading on-demand retail and delivery platform in China, announced its unaudited financial results for Q1 2024. The company reported total net revenues of RMB2,451.8 million, down 3.3% YoY. JD NOW revenues dropped 28.4% to RMB1,278.5 million, while Dada Now revenues surged 56.7% to RMB1,173.2 million. Operational expenses increased, primarily due to higher rider costs. Despite investments, the non-GAAP net loss margin remained stable. Key user metrics showed promising growth, with a notable increase in monthly transacting users and orders. However, the company reported a net loss of RMB328.0 million, slightly down from RMB350.4 million in Q1 2023. Cash reserves stood at RMB3,813.2 million as of March 2024.
Dada Nexus (NASDAQ: DADA), a leading local on-demand retail and delivery platform in China, will release its unaudited financial results for Q1 2024 on May 15, 2024. The company will host a conference call to discuss earnings at 9:30 p.m. Eastern Time on the same day. Participants can register in advance and access the call details. A telephone replay and webcast will be available post the call.
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