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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 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.
Dada Group (Nasdaq: DADA), a leading local on-demand delivery platform in China, highlighted its initiatives for women in the workforce during the World Artificial Intelligence Conference on July 8, 2021. Deputy General Manager Zhao Qin discussed the company's efforts to create job opportunities for women through technology, emphasizing that over 50% of pickers and promoters on its platform are female. Dada's commitment to gender equality includes diverse talent development and supportive workplace measures. Additionally, the company was recognized for its innovative AI applications in the online economy.
Dada Group (Nasdaq: DADA) announced enhancements to its on-demand delivery platform, Dada Now, focusing on customized services for chain merchants like LBX Pharmacy. The 'Dedicated Delivery Service' aims to improve order fulfillment across China, especially in lower-tier cities. Notably, intra-city delivery orders in these regions surged by nearly 16 times year-over-year, with deliveries within 30 minutes. Revenue from chain merchants, particularly pharmaceuticals, grew significantly—over 130% year-over-year overall and over 600% for pharmacies. This underlines Dada's expanding role in the on-demand delivery market.
Dada Group (Nasdaq: DADA) announced partnerships with cosmetics retailers THE COLORIST and WOW COLOUR, enhancing their JDDJ on-demand retail platform. This collaboration will optimize product management, digital marketing, and order fulfillment for rapid delivery services. As of June 2021, 178 THE COLORIST stores are integrated into JDDJ, with an additional 80 WOW COLOUR stores to launch. The company also reported a significant sales increase in cosmetics during the recent 618 Shopping Festival, with sales more than double compared to last year.
Dada Group (Nasdaq: DADA), China’s top local on-demand delivery and retail platform, achieved record sales during the 2021 6.18 Shopping Festival, held from June 1 to June 20. Transaction volumes on JDDJ doubled compared to last year, with sales reaching over RMB 300 million on June 18, marking a single-day fresh sales record. JDDJ’s expansion into lower-tier cities saw sales soar over 500%. Notably, Walmart led supermarket sales, and the Dada Now platform maintained a delivery fulfillment rate of over 99%. The company's smart logistics system boosted operational efficiency during the festival.
Dada Group (Nasdaq: DADA), China's leading local on-demand delivery and retail platform, has strengthened its strategic partnership with Lenovo Lecoo to develop an omni-channel growth model for consumer electronics. The agreement focuses on enhancing traffic and efficiency across Lecoo's 1,000 offline stores over the next two years. Lecoo operates 300 stores and plans to open an additional 600. The collaboration has led to significant sales growth on Dada's platform, especially during promotional events, indicating a robust demand for on-demand delivery services.
Dada Group (Nasdaq: DADA) has strengthened its position as China's largest local on-demand retail platform by partnering with approximately 30 leading supermarket chains, including MeetAll and Baijia Supermarket. JDDJ, Dada's platform, now collaborates with 75 of the top 100 supermarket chains in China, enhancing its market reach. Additionally, JDDJ has expanded its one-hour shopping service to lower-tier cities, making it accessible in provinces like Xinjiang and Gansu. The partnerships also include adopting Dada's Haibo System, further improving the digital capabilities of offline stores.
On June 10, 2021, Dada Group and JD.com released the "Chinese On-demand Consumption Trends Report 2021" highlighting key growth opportunities and challenges in China's on-demand economy. JD.com plans to increase its stake in Dada to 51% with an $800 million investment. The report indicates a surge in demand for on-demand retail, particularly in lower-tier cities, and notes that fresh food continues to dominate consumption, comprising 70%. The report demonstrates the increasing shift towards omnichannel retailing and outlines the rise of hyperlocal one-hour delivery services, with significant growth across various consumer demographics.
Dada Nexus Limited (NASDAQ: DADA) announced a share repurchase program totaling up to US$150 million over the next 12 months. The buyback will be funded through existing cash reserves and aims to enhance shareholder value. The program will be executed on the open market or through negotiated transactions, as market conditions permit. Dada operates JDDJ and Dada Now, two interconnected platforms that drive efficient on-demand retail and delivery services in China.
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