STOCK TITAN

Dada Haibo System Adopted in More Than 4300 Retailer Stores

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

Dada Group (Nasdaq: DADA) has announced its Dada Haibo omni-channel online retail operating system now partners with several Top 100 supermarket chains in China, including Sofly Supermarket and Da Zhang Supermarket. As of August 2021, the system has over 120 partnerships and more than 4,300 retail stores adopting it. The Dada Haibo System enhances operational efficiency and reduces costs for retailers. Notably, 45 of the Top 100 supermarkets in China are using this system, which has received accolades for retail digital transformation.

Positive
  • Dada Haibo System partners with more than 120 supermarket chains, enhancing market presence.
  • Over 4,300 retail stores have adopted the Dada Haibo System, indicating strong market acceptance.
  • The system improves operational efficiency and reduces costs for retailers, enhancing profitability.
  • Accolades received for digital transformation signify industry recognition and credibility.
Negative
  • None.

SHANGHAI, Aug. 26, 2021 /PRNewswire/ -- Dada Group (Nasdaq: DADA) ("Dada"), China's leading local on-demand delivery and retail platform, is pleased to announce that its Dada Haibo omni-channel online retail operating system newly partners with several Top 100 supermarket chains in China, including Sofly Supermarket, Da Zhang Supermarket, and Hui You Supermarket. As of this August, the system has established partnerships with more than 120 large and medium-sized supermarket chains, with over 4,300 retailer stores adopting.

Dada Haibo System integrates the operations of marketing, products, users, account reconciliation and order fulfillment in a systematic, digitalized, and standardized platform, which has significantly improved operating efficacies and reduced cost for a lot of leading retailers in China. According to the latest list of 2020 China's Top 100 supermarket chains released by China Chain Store & Franchise Association (CCFA), 45 of the Top 100 supermarkets have been adopting the system. And Dada Haibo System was awarded the 2020 China's Best Practice Case of Retail Digitalization and 2021 Best Practice Case of Retail Digital Transformation and Technology Application by CCFA.

Besides providing technology and systematic capacity, Dada Haibo System also has a team to customize services for the retail stores and help retailers solve problems in actual operations. Sofly Supermarket for example, started the partnership with the system in middle June, and achieved the 100% deployment of Dada Haibo System in all its online stores in August.

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."

Cision View original content:https://www.prnewswire.com/news-releases/dada-haibo-system-adopted-in-more-than-4300-retailer-stores-301363490.html

SOURCE Dada Group

FAQ

What is the Dada Haibo System and its significance for Dada Group (DADA)?

The Dada Haibo System is an omni-channel online retail operating system that optimizes operations for retailers, enhancing efficiency and reducing costs, and has gained partnerships with over 120 supermarket chains.

How many retailers are using the Dada Haibo System as of August 2021?

As of August 2021, more than 4,300 retail stores have adopted the Dada Haibo System.

Which top supermarket chains in China have partnered with Dada Group (DADA)?

Top supermarket chains partnering with Dada Group include Sofly Supermarket, Da Zhang Supermarket, and Hui You Supermarket.

What recognition has the Dada Haibo System received in the retail sector?

The Dada Haibo System was awarded the 2020 Best Practice Case of Retail Digitalization and the 2021 Best Practice Case of Retail Digital Transformation by the China Chain Store & Franchise Association.

How does the Dada Haibo System benefit retailers?

It integrates marketing, product management, account reconciliation, and order fulfillment, significantly improving operational effectiveness for retailers.

Dada Nexus Limited American Depositary Shares

NASDAQ:DADA

DADA Rankings

DADA Latest News

DADA Stock Data

354.63M
258.01M
3.01%
15.71%
0.84%
Internet Retail
Consumer Cyclical
Link
United States of America
Shanghai