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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) reported a strong Q1 2021 with total net revenues of RMB1,672.8 million, a 52.1% increase year-over-year. The Gross Merchandise Volume for JDDJ reached RMB28.1 billion, up 78.9%. Active consumers rose to 46.1 million compared to 27.6 million last year. The company expects Q2 revenue to grow by 72% to 78% year-over-year, driven by continued demand in its on-demand retail segment. However, operating losses widened to RMB741.4 million from RMB292.7 million in Q1 2020, indicating increased costs in marketing and operations.
Dada Group (Nasdaq: DADA) hosted a forum on May 25, 2021, titled "How to Gain Business Growth in Omni-channel Era" during the 2021 China International Retail Innovation Summit in Shanghai. Huijian He, Vice President of Dada Group, projected that China's on-demand retail market could reach nearly one trillion yuan by 2024. Jun Jiang emphasized JDDJ's role in connecting online and offline businesses, aiding retailers in reaching consumers more effectively. Yanjie Lian introduced the Dada Haibo system, highlighting its partnerships with over 3,600 stores to enhance operational efficiency.
Dada Group (DADA) will release its first-quarter financial results on June 7, 2021, after U.S. market close. The conference call will take place at 9:00 p.m. ET on the same day. Dada operates JDDJ and Dada Now, key platforms for local on-demand retail and delivery in China. These platforms are interconnected, enhancing delivery experiences and increasing order volumes. The company warns that forward-looking statements regarding its future performance involve risks and uncertainties, urging investors to consider various factors that could affect outcomes.
Dada Group (Nasdaq: DADA) has launched the 6.18 Mid-Year Shopping Festival through its JDDJ platform, running from June 1 to June 20, 2021. This festival aims to enhance the online shopping experience with one-hour delivery across various categories, including fresh food and electronics. Dada deepened strategic ties with JD.com to create a 'one-hour shopping ecosystem' covering 1,400 cities in China. The festival also features collaborations with nearly 50 supermarket chains for live streaming events, targeting growth in lower-tier cities with the 'City Strategy' campaign.
Dada Group (Nasdaq: DADA), China's leading local on-demand delivery and retail platform, has been included in the MSCI ACWI Index, effective after the U.S. market close on May 27, 2021. This recognition follows MSCI's May 2021 Semi-Annual Index Review and highlights Dada's attractiveness to global investors. The MSCI ACWI Index encompasses large and mid-cap stocks across 23 developed and 27 emerging markets, covering about 85% of the global equity investment landscape.
Dada Group (Nasdaq: DADA), a top local on-demand delivery and retail platform in China, participated in the Shanghai Information Consumption Festival and 2021 Shanghai Online Economy Summit on May 17. Co-Founder and CTO Jun Yang was named Person of the Year for the Shanghai online economy. The event, themed 'Digital Symphony, Urban Renewal,' aims to enhance the online economy and promote digital transformation. Dada Group aims to leverage digitalization to improve local delivery and retail services through its Dada Now and JDDJ platforms, enhancing the overall economy.
Dada Group (Nasdaq: DADA), a leading local on-demand delivery and retail platform in China, has launched the Organic Life Alliance in collaboration with Yili SATINE, Jinlingguan, Haday, and CR NG FUNG. The initiative aims to promote an organic lifestyle and establish a one-hour delivery ecosystem for organic products. JDDJ, Dada's on-demand retail platform, plans to expand its organic product range and partner with more retailers. Awards were also given to various brands during the event, highlighting innovation in the organic sector.
Dada Group (Nasdaq: DADA) has announced a strategic partnership with Segway-Ninebot to innovate on-demand retail for technology brands in China. The agreement was signed by Guangsen Mou and Hongwei Li in Beijing. This collaboration aims to enhance product management, digital marketing, and optimize order fulfillment, integrating Segway-Ninebot's offline stores into Dada's JDDJ platform. Since September 2020, over 600 Segway-Ninebot stores have been launched on JDDJ, showing steady sales growth. This partnership seeks to provide consumers with a convenient one-hour delivery shopping experience.
Dada Group (Nasdaq: DADA) has formed a strategic partnership with Tyson Foods to enhance the fresh meat category in China's on-demand retail market. This collaboration, marking Tyson's 20th year in China, strengthens Dada's JDDJ platform and supports Tyson's position as a leading fresh meat brand. The partnership aims to leverage JDDJ's omni-channel digital solutions for market analysis and consumer satisfaction, promoting Tyson's digital transformation and growth in the O2O channel.
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