Dada Nexus Ltd - DADA STOCK NEWS

Dada Group (Nasdaq: DADA) announces the successful adoption of its Dada Haibo omni-channel retail system by over 2,200 supermarkets in China, significantly boosting operational efficiency and reducing costs for retailers. The system increased online product promotions by 6x and improved labor efficiencies in product and promotion management by up to 12x. Notably, C.P. Lotus integrated this system across all its 46 stores in South China, leading to a remarkable 167% sales increase in 2020. Dada continues to enhance digital capabilities for retailers, aiming for seamless omni-channel operations.

Dada Nexus Limited (NASDAQ: DADA) has filed its annual report on Form 20-F for the fiscal year ended December 31, 2020, with the U.S. SEC as of March 31, 2021. The report includes the audited consolidated financial statements and is available on the Company's investor relations website. Shareholders can request a hard copy of the annual report free of charge. Dada is a leading local on-demand delivery and retail platform in China, operating the JDDJ and Dada Now platforms, which enhance delivery experiences and increase order volumes.

Dada Group (Nasdaq: DADA) has launched caring measures for delivery riders during the Chinese New Year. These initiatives include the establishment of 'Rider Stations' in collaboration with key retail partners like Walmart, providing facilities such as hot water, medicines, and snacks across over 110 locations. Dada Now has introduced subsidies to enhance rider income and activated new riders to meet increased demand due to more customers staying home. The company also emphasizes safety with contactless delivery and health measures for its riders during this festive season.

JD.com has announced a significant investment of $800 million in Dada Group, acquiring approximately 51% of its shares. This share purchase agreement allows JD.com to invest at the closing share price as of March 19, 2021. The transaction enhances the strategic partnership between the two companies, aiming to improve on-demand retail and delivery services. The closing is subject to customary conditions, and JD.com has committed to a six-month holding period for the acquired shares.

Dada Group (Nasdaq: DADA), a leader in China's on-demand delivery and retail market, has contributed to the formulation of the CCFA's key standards for omni-channel retailing. The Key Performance Indicators of Omni-channel Retailing Chain Enterprises were released on March 1, aimed at enhancing retail partnerships. Dada's JDDJ platform holds a 25% market share, serving 71 of the top 100 supermarket chains in China. The Dada Haibo system has improved operational efficiencies significantly, increasing product promotion capabilities and labor efficiencies. Dada continues to focus on technological advancements in omni-channel retailing.

Dada Group (Nasdaq: DADA) announced a successful live-streaming e-commerce event titled "Morning! #Nes-trition Day!" in collaboration with Nestlé China on March 7, 2021. The event showcased Nestlé's nutritious breakfast options, featuring discussions on nutrition and live product demonstrations. With over 50 FMCG brand partnerships, JDDJ platform facilitates immediate product deliveries within one hour. This partnership, initiated in June 2019, expanded in September 2020 to enhance Nestlé’s sales and brand marketing. The innovative model connects online and offline sales effectively.

Dada Group reported a strong Q4 2020 with net revenues of RMB2,015.8 million, up 69.9% YoY. For the full year, revenues reached RMB5,740 million, marking an 85.2% increase. Dada Now delivered 1.1 billion orders in 2020, while JDDJ's GMV soared 107% to RMB25.3 billion. Despite a net loss of RMB534.4 million, improved operational margins and a rise in active consumers to 41.3 million reflect solid growth. For Q1 2021, revenue is expected to be between RMB1,610 million and RMB1,660 million.

Dada Group (Nasdaq: DADA), a leading on-demand delivery platform in China, participated in Shanghai's "New Year Shopping Season" marketing event, running from December 18, 2020, to February 18, 2021. The company partnered with Unilever to host livestream shopping events, enhancing consumer engagement. During this period, Dada collaborated with over 100,000 retail stores and offered consumers more than 100 million yuan in vouchers. The livestreaming pilot, initiated in early 2020, has successfully driven sales growth, evidenced by a previous event with over 358,000 viewers and 80% order conversion.