Dada Haibo System Awarded Best Practice Case of Retail Technology Innovation

Rhea-AI Summary

Dada Group (Nasdaq: DADA) has announced that its Dada Haibo omni-channel retail operating system received the '2021 Best Practice Case of Retail Digital Transformation' award from the China Chain Store & Franchise Association. The Dada Haibo system has been implemented in over 4,300 retail chain stores, significantly enhancing operational efficiency for retailers. In a case study, Wangzhongwang Supermarket experienced over 50% growth in O2O sales and a 3.5-fold increase in profit margins after adopting the system. The recognition underscores Dada's commitment to revolutionizing China's retail landscape.

Positive

• Dada Haibo system awarded '2021 Best Practice Case of Retail Digital Transformation.'
• Over 4,300 retail chain stores adopted the Dada Haibo system, up from 3,300 in April.
• Wangzhongwang Supermarket reported O2O sales increased by over 50% after implementing Dada Haibo system.
• Profit margins for Wangzhongwang's O2O business improved by 3.5 times.

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• None.

SHANGHAI, Sept. 22, 2021 /PRNewswire/ -- Dada Group (Nasdaq: 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 was awarded the 2021 Best Practice Case of Retail Digital Transformation and Technology Application by China Chain Store & Franchise Association (CCFA).

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 CCFA, 45 of the Top 100 supermarkets have been adopting the system.

The deployment of Dada Haibo system at Wangzhongwang Supermarket, a leading supermarket chain in Jiangxi Province, has been acknowledged by CCFA for its impressive digital transformation. This merchant had hoped to boost sales through O2O channels, but was struggling with losses caused by a lack of detailed operational data. By adopting Dada Haibo system, they were able to automate financial reconciliation process for omni-channel businesses. And Dada Haibo's visualized dashboard enables them to analyze operational data across dimensions, including sales channels, stores, product categories and SKUs. Through adopting the Haibo System, the merchant's omni-channel O2O sales increased by over 50% from previously. In addition, the profit margin of their O2O business improved by 3.5 times.

"Since our cooperation with Dada Group was established, Wangzhongwang has made rapid progress in new retail and achieved wonderful growth in digital operations and O2O business," said Rong Hu, Chairman of Wangzhongwang Supermarket.

As of the end of August, Dada Haibo System had been adopted by more than 4300 retail chain stores, up significantly from 3300 stores as of the end of April, and the number keeps going up. Haibo system has already been proven that's able to increase the efficiency of retailers' O2O business and also to increase partners' revenue from O2O business.  Last year, Dada Haibo system was also awarded the 2020 China's Best Practice Case of Retail Digitalization by CCFA.

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."

 

 

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SOURCE Dada Group

FAQ

What is the Dada Haibo system and what recent accolade did it receive?

The Dada Haibo system is an omni-channel retail operating system by Dada Group that received the '2021 Best Practice Case of Retail Digital Transformation' award from the China Chain Store & Franchise Association.

How many retail chain stores have adopted the Dada Haibo system?

As of recent updates, the Dada Haibo system has been adopted by over 4,300 retail chain stores.

What impact did the Dada Haibo system have on Wangzhongwang Supermarket's sales?

Wangzhongwang Supermarket experienced over 50% growth in O2O sales after adopting the Dada Haibo system.

What improvement did Wangzhongwang Supermarket see in profit margins after using the Dada Haibo system?

Wangzhongwang Supermarket's profit margin for its O2O business improved by 3.5 times after implementing the Dada Haibo system.

When did Dada Group begin trading on Nasdaq and what is its ticker symbol?

Dada Group began trading on Nasdaq in June 2020 under the ticker symbol 'DADA.'