Dada Group Deepened Partnership with Lenovo Lecoo to Bring All of 1,000 Lecoo Stores Online
Dada Group (Nasdaq: DADA), China's leading local on-demand delivery and retail platform, has strengthened its strategic partnership with Lenovo Lecoo to develop an omni-channel growth model for consumer electronics. The agreement focuses on enhancing traffic and efficiency across Lecoo's 1,000 offline stores over the next two years. Lecoo operates 300 stores and plans to open an additional 600. The collaboration has led to significant sales growth on Dada's platform, especially during promotional events, indicating a robust demand for on-demand delivery services.
- Strengthened strategic partnership with Lenovo Lecoo to enhance omni-channel retail capabilities.
- Plans to increase offline stores from 300 to 900, expanding market presence.
- Sales during promotional events showed substantial growth, indicating strong consumer demand.
- None.
SHANGHAI, June 18, 2021 /PRNewswire/ -- Dada Group (Nasdaq: DADA) ("Dada"), China's leading local on-demand delivery and retail platform, and Lenovo Lecoo, are pleased to announce that they have deepened strategic cooperation to jointly create a new omni-channel growth model for consumer electronics. Guangsen Mou, General Manager of Consumer Electronics and Home Appliances Business Department at JDDJ, and Ming Zhou, CEO of Lenovo Lecoo, signed a strategic cooperation agreement in Beijing.
Lecoo is a smart retail enterprise invested by Lenovo Group, and also a representative of smart devices and smart retail solutions in Lenovo's 3S strategy. Currently, Lecoo directly operates 300 stores in China, and plans to newly set up about 600 stores in the coming year. Its products include Lenovo's Legion series, Xiaoxin series, ThinkPad series, YOGA series, Lecoo's new brand products, "Smart" digital products from the world's top brands, as well as products for healthy life.
According to the agreement, JDDJ, Dada's on-demand retail platform, will provide omni-channel solutions based on the improvement of traffic and efficiency. Over the next two years, the platform will partner with 1,000 Lecoo's offline stores to create a new omni-channel growth engine for on-demand retail. Lecoo will bring into play its advantages in supply chain and digital products to enrich JDDJ's ecosystem and high-quality products.
Since Lecoo's stores launched on JDDJ in July 2020, it has maintained a strong growth momentum in sales. On the April 15, JDDJ's anniversary shopping festival, sales of consumer electronics stores on JDDJ were 8.3 times that of the same period in March, and Lecoo became the sales leader at computer and digital product brands. During the 6.18 promotion event this year, consumers can place orders on both JDDJ and JD.com for popular digital products at Lecoo stores, and enjoy discounts and one-hour delivery service.
At the signing ceremony, Mr. Mou said, "The consumers born in the 1995s are actually the digital natives for micro distance e-commerce. The new generation is keen on enjoying on-demand retail and delivery. Taking advantage of the prevailing trend, omni-channel strategy becomes one of the key drivers for retail business growth, while improved traffic and efficiency are the two critical factors for omni-channel retail. Lecoo is partnering with JDDJ to create a new omni-channel growth model."
Mr. Zhou said, "The number of consumers using on-demand delivery is fast growing. The strategic cooperation with JDDJ enables the on-demand delivery of consumer electronics and expands the service scope of 'Local Life +'. We are jointly creating a new one-hour delivery shopping experience and bring assistance to Lecoo's omni-channel OMO model."
About Dada Group
Dada Group is a leading platform of local on-demand retail and delivery in China. It operates JDDJ, one of China's largest local on-demand retail platforms for retailers and brand owners, and Dada Now, a leading local on-demand delivery platform open to merchants and individual senders across various industries and product categories. The Company's two platforms are inter-connected and mutually beneficial. The Dada Now platform enables improved delivery experience for participants on the JDDJ platform through its readily accessible fulfillment solutions and strong on-demand delivery infrastructure. Meanwhile, the vast volume of on-demand delivery orders from the JDDJ platform increases order volume and density for the Dada Now platform. In June 2020, Dada Group began trading on the Nasdaq Global Market, under the ticker symbol "DADA."
About Lenovo Lecoo
Lecoo Technology co., Ltd. was incorporated by Lenovo Group in 2017.
Lecoo Technology has made significant progress on smart retail strategy layout and implementation. Lecoo's has hundreds of direct stores in shopping malls across China, online & offline omni channels.
Lecoo tech. covers broad product portfolios, including Lenovo PCs, Mobile, peripheral products, Lecoo brand products, and third-party product selections, to create convenient one-stop-shop experience for customers who look for PC & Smart IoT products with leading edge technologies, innovative designs, and trendy styles.
Lecoo technology continues to expand coverage on shopping mall stores across China, and focuses on transforming smart retail omni channel business model, offering broad and innovative products, to be a leading smart retail company globally.
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SOURCE Dada Group
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