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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 Group (Nasdaq: DADA) announced the launch of the "Dada Now 927 Rider Festival" in over 500 Chinese cities to enhance rider experience. The event includes online and offline activities like safety training and discounts on delivery equipment. Dada Now, recognized as China's top on-demand delivery platform, aims to improve rider safety and efficiency by integrating rider feedback into its operations. The initiative offers welfare programs and educational support for riders' families, solidifying Dada's commitment to rider satisfaction and community support.
On September 28, 2021, Dell Technologies, JD Group, and Dada Group announced a strengthened partnership to enhance the digital transformation of physical retail stores in China. The collaboration aims to promote an innovative omni-channel retail model, enabling convenient one-hour delivery of digital products from Dell stores via JD.com and Dada's JDDJ platform. Currently, 79 Dell retail stores and 123 ALIENWARE stores are operational on these platforms. This partnership seeks to improve product management, digital marketing, and fulfillment efficiency while enhancing consumer shopping experiences.
Dada Group (Nasdaq: DADA) hosted the inaugural "JD Daojia Brand Partner Conference" in Shanghai, launching the Super Brand Partner Program aimed at enhancing partnerships with leading global brands in omnichannel retail. The conference focused on the digital transformation in the retail sector, emphasizing the importance of an omnichannel strategy. Notably, JDDJ reported a 100% sales increase for 62 brands on its platform this year. The initiative seeks to leverage on-demand retail solutions to improve efficiencies and drive long-term growth in the hyperlocal e-commerce landscape.
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.
Dada Group (Nasdaq: DADA) has launched its open digital logistics platform, the Dada Smart Delivery SaaS System, aimed at enhancing delivery efficiency for retail chain brands and service providers. The system integrates delivery solutions, including operation and rider applications, and leverages big data and a crowdsourcing model. Over 100 merchants have adopted this system, which addresses the challenges of on-demand retail delivery. The Chinese on-demand delivery market is projected to grow at a CAGR of 36% from 2020 to 2024, signaling substantial opportunities for digital delivery solutions.
Dada Group (Nasdaq: DADA) announced a partnership with Perfect Diary to enhance the digital transformation of physical stores, providing consumers with one-hour delivery services for popular cosmetics in China. Over 160 Perfect Diary stores are launching on JDDJ, Dada's on-demand retail platform, enabling efficient product management and rapid fulfillment. The partnership aims to strengthen Perfect Diary's omni-channel strategy and capitalize on China's growing beauty market, projected to exceed RMB 360 billion in 2021. This collaboration also positions JDDJ as a key player for trendy brands.
Dada Nexus Limited (NASDAQ: DADA) reported its Q2 2021 financial results, revealing a 11.5% increase in total net revenues to RMB1,474.6 million year-over-year. Notably, aligning Dada Now's last-mile delivery services showed an 81.3% revenue growth. Total GMV for JDDJ rose by 76.7% to RMB32.3 billion. Active consumers increased to 51.3 million, highlighting strong market engagement. Despite growth, net loss expanded to RMB640.4 million. The company maintains an optimistic outlook, projecting Q3 revenue between RMB1.63 billion to RMB1.68 billion, translating to 80% to 86% year-over-year growth.
Dada Group (NASDAQ: DADA) has partnered with JD.com and ASUS to enhance the digital transformation of offline retail in China, enabling a one-hour delivery service for laptops and computer accessories. Over 150 ASUS locations have integrated with JD.com and Dada's JDDJ platform, aiming for nationwide coverage in the second half of 2021. This collaboration focuses on improving fulfillment efficiency and digital marketing strategies, leveraging each company's strengths to offer consumers a seamless shopping experience. The partnership stands to enhance Dada's logistics capabilities and customer reach.
Dada Nexus Limited (NASDAQ: DADA), a leading on-demand delivery and retail platform in China, will release its unaudited financial results for Q2 2021 on September 7, 2021, after U.S. market close. A conference call to discuss these results is scheduled for the same day at 9:00 p.m. ET. Interested participants must register in advance to join the call. Dada operates two interconnected platforms: JDDJ, a major local on-demand retail platform, and Dada Now, a prominent delivery service. These platforms enhance each other's efficiency and customer experience.
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.
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