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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 Limited (NASDAQ: DADA), a leading local on-demand delivery and retail platform in China, will announce its third quarter financial results for the period ending September 30, 2021, on November 23, 2021, after U.S. market close. A conference call is scheduled for 8:00 PM ET the same day to discuss the results. Investors can preregister for the call and access a replay until December 1, 2021. The company's platforms JDDJ and Dada Now support a robust delivery infrastructure, enhancing retail and delivery experiences.
Dada Group (Nasdaq: DADA), in collaboration with Mars Wrigley China and Kantar, released the White Paper on Snack Food Category in O2O Consumption on Nov. 16, 2021. The report highlights the growth of China's snack food O2O market, now exceeding 1 billion RMB with online sales up 32%. The average transaction value on Dada's platform is about 51 RMB, indicating robust consumer trends. The paper suggests significant growth potential in the snack category due to high purchase frequency and impulse buying behaviors. Furthermore, brand engagement is pivotal for driving sales.
Dada Group (Nasdaq: DADA) reported exceptional performance during the 2021 Singles Day Shopping Festival, achieving record sales and deliveries. Key highlights include:
- Sales of home appliances surged over 10 times year-on-year, while smartphones rose by 4.7 times.
- Major retailers like Walmart achieved record sales, with Yonghui's sales increasing by 5 times.
- Smartphone brands, including Apple and Xiaomi, saw sales jump over 10 times.
- Dada Now delivered orders in an average of 23 minutes, enhancing efficiency.
- Adoption of Dada Haibo system increased omni-channel orders by 2.5 times.
Dada Group (Nasdaq: DADA), China's top local on-demand delivery platform, has announced the launch of comprehensive on-demand order fulfillment services through Dada Now ahead of the upcoming Double 11 Shopping Festival. Enhancements include warehousing, picking, and delivery solutions powered by digital technologies like the Dada Haibo and Canghai systems. The initiative aims to improve the efficiency of order fulfillment for retail merchants, with data showing a 15% reduction in picking time and an 18% increase in hourly picking speed.
Dada Group (Nasdaq: DADA), a leading on-demand delivery platform in China, announced deeper cooperation with Liansheng Group, expecting a 100% year-on-year increase in delivery orders during the Double 11 Shopping Festival. Leveraging Dada's Smart Delivery SaaS System, Liansheng will improve delivery efficiency and management while reducing costs. Dada's platform serves over 100 merchants across various sectors. Its expansion into lower-tier markets aims to enhance service quality and support traditional retailers in embracing online operations.
Dada Group (Nasdaq: DADA) and Nestlé China are reinforcing their cooperation to enhance omni-channel marketing and digitalization. A joint business plan was signed in Beijing by their CEOs, aiming to create a data-driven retail business model that improves customer shopping experiences. Since their partnership began in June 2019, Nestlé has achieved triple-digit sales growth on Dada's platform. The collaboration focuses on category operations and leveraging Dada's strengths in the on-demand retail market, addressing the rapid growth in consumer demand.
Dada Group (Nasdaq: DADA), a leading on-demand retail and delivery platform in China, has launched the "Quality Store" program in partnership with JD.com during the Haihe International Consumption Summit. This initiative aims to enhance digital transformation for SMEs by offering online traffic support, order fulfillment, and marketing strategies. The program provides SMEs with a green channel policy for JD Shop Now, enabling efficient integration of online and offline sales. Dada's on-demand delivery service will ensure swift order fulfillment, particularly during the Singles Day shopping festival.
Dada Now, a leader in on-demand delivery, showcased its innovative solutions at the 2021 China E-commerce Logistics Conference in Shanghai. Mr. Mingyang Zhu discussed four delivery options tailored for chain merchants: Instant Delivery (30 minutes within 2 km), Speedy Delivery (1 hour within 5 km), and Intra-city Delivery for longer distances. Dada Now's Dedicated Delivery service, launched in 2019, customizes logistics based on merchants' needs. The recent launch of the Dada Smart Delivery SaaS System enhances efficiency for over 100 retailers. Dada Group trades on Nasdaq under the ticker symbol DADA.
Dada Group (Nasdaq: DADA) and JD.com have launched a new feature called 'Nearby' on JD.com's app. This feature connects consumers to local offline stores, offering rapid delivery options for products like groceries and electronics. The alliance aims to streamline shopping by providing a dual homepage for both online and on-demand services. The launch coincides with the upcoming Double 11 Shopping Festival, which will see heightened participation from offline retailers, enhancing the overall shopping experience for customers.
Dada Group (Nasdaq: DADA) and JD.com have launched 'Shop Now', enhancing on-demand delivery services for consumers in China. This initiative allows one-hour delivery through the JD App, with sales increasing by 150% from January to September 2021. The partnership aims to leverage JD's 530 million users, anticipating a 50% penetration into JD's consumer base. With a projected CAGR of 62% in the local on-demand retail market, both companies are positioned for rapid growth in this sector, enhancing their service capabilities and optimizing retail operations.
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