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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) has partnered with CP Group's Retail Business Division to enhance omni-channel on-demand delivery services for CP Lotus and CP Fresh Mart, which are leading supermarket chains in China. The collaboration introduces a 'Dedicated Delivery' service model that incorporates both stationed and crowdsourced delivery methods. Initially, the service will be rolled out in Beijing, Zhengzhou, and Chongqing. In the first half of 2021, CP Lotus' sales on JDDJ increased over 1.5 times year-on-year.
Dada Group (Nasdaq: DADA) has announced the release of a report on the on-demand consumption trends of snack food in China, developed in collaboration with JDDJ Data Research Institute and PepsiCo Food. The report reveals a remarkable 91% increase in snack food sales in 2020, highlighting that puffed food, chocolates, and biscuits are the most popular categories. JDDJ's one-hour delivery service has significantly boosted sales, with brands seeing up to 220% growth in specific campaigns. Dada Group cooperates with over 150 major brands, enhancing their market presence and consumer reach.
Dada Group (Nasdaq: DADA) announced a partnership between JD Daojia (JDDJ) and Sephora China to enhance on-demand delivery of beauty products. Over 70 Sephora stores have launched on the JDDJ platform, offering one-hour delivery services in first and second-tier cities. By the end of 2021, all Sephora stores in China will be integrated on both JDDJ and JD.com. The collaboration aims to develop an omni-channel retail strategy for Sephora, supporting product management and targeted marketing. During the recent 618 Shopping Festival, JDDJ reported over double the sales of beauty products from the previous year.
Dada Group (Nasdaq: DADA) has launched its 2022 campus recruitment with the Super New Star Program aimed at attracting outstanding graduates globally. The program features systematic training to facilitate integration into the workplace and personalized growth plans. Events like lectures and Hackathons will help newcomers enhance skills. Dada Now covers around 2,700 cities in China, with peak-day orders exceeding 10 million, while JDDJ serves over 46 million active users annually. This initiative is positioned to cultivate digital talent in support of Dada Group's growth in the on-demand delivery sector.
Dada Group (Nasdaq: DADA), China's leading local on-demand delivery and retail platform, has been recognized as a 2021 National Demonstration Project of New Consumption by the Ministry of Industry and Information Technology. This award highlights JDDJ's role in advancing the local economy through innovative technologies like 5G and AI. Additionally, Dada actively participated in Shanghai's E-commerce Green Development Proposal aiming for sustainable practices, including the use of over 130 million biodegradable bags. The company also received commendations from Guangdong and Shanghai governments for its contributions during the COVID-19 pandemic.
Dada Group (Nasdaq: DADA), a leading Chinese on-demand delivery platform, is enhancing the JDDJ app to be more aging-friendly. This initiative aligns with Shanghai's 'Digital Partner Program,' aimed at assisting the elderly in utilizing internet services for online purchases. The updates have already completed beta testing and will undergo further evaluation by the China Academy of Information and Communications Technology. Dada Group's commitment to social responsibility includes recruiting volunteers for user experience feedback, aiming to make online shopping more accessible for all.
Dada Group (Nasdaq: DADA) announced advancements in its autonomous delivery operations in partnership with JD Logistics and White Rhino. This initiative aims to establish an open system for unmanned delivery vehicles, already utilized by SEVEN FRESH and Yonghui Supermarket, effectively managing nearly 5,000 orders over 10,000 kilometers. The demand for online grocery delivery in China is rising, aligning with the need for cost-effective, efficient, and safer delivery solutions. Dada expects significant benefits for retailers and partners through lower costs and enhanced operational efficiency.
Dada Group (NASDAQ: DADA), China's leading local on-demand delivery and retail platform, has expanded its partnership with vivo, a top smartphone manufacturer. This collaboration focuses on omni-channel solutions and one-hour delivery services for smartphones. Over 500 vivo stores are now integrated into Dada's JDDJ platform, with plans to increase to 1,000 by the end of 2021. This partnership enhances product management and marketing for vivo, while also improving delivery options for consumers.
Dada Group (Nasdaq: DADA) has announced the launch of Ito Yokado stores on its JDDJ platform in Chengdu, offering online shopping and one-hour delivery in Sichuan. All 8 stores in Chengdu and Leshan are now integrated, featuring a range of products, including popular homemade items. The partnership aims to enhance digital transformation and customer experience. JDDJ, which has partnered with 75 of China's top 100 supermarket chains, serves more than 110,000 retail stores across 1,500 cities, indicating strong growth in O2O operations and offline retail digitalization.
Dada Group (Nasdaq: DADA) announced a strategic partnership with Favor Pets, China's leading pet brand, to provide one-hour delivery of pet supplies. This collaboration will see over 1,500 Favor Pets' stores listed on Dada's JDDJ platform. The agreement aims to enhance omni-channel retail solutions and boost sales through on-demand services. Both companies anticipate mutual benefits, optimizing the supply chain while expanding JDDJ's offerings in the pet industry. This initiative is part of Dada's broader strategy to diversify and strengthen its market presence in China's retail landscape.
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