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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 (DADA) will release its unaudited financial results for Q4 and fiscal year 2020 on March 8, 2021, after U.S. markets close. A conference call will be held on the same day at 8:00 p.m. Eastern Time to discuss these results, with a pre-registration link provided. Dada operates JDDJ and Dada Now, leading platforms for local on-demand retail and delivery in China, enhancing delivery experiences while increasing transaction volumes. Investors are encouraged to stay updated through the Investor Relations section on Dada’s website.
Dada Group (Nasdaq: DADA) has announced that its on-demand retail platform, JD Daojia (JDDJ), is implementing measures to reduce plastic usage, enhancing its environmental initiatives. JDDJ, the largest local on-demand retail platform in China's supermarket sector, has partnered with over 70 top supermarket chains, offering degradable bags in major cities. Since December 2020, over 14 million degradable bags have been distributed. JDDJ aims to comply with environmental regulations and promote eco-friendly practices among retailers and consumers.
Dada Group (Nasdaq: DADA), China's leading local on-demand delivery and retail platform, announced a successful collaboration with G-super to launch the "Super Merchant Day". The event, held from January 23 to 31, resulted in a remarkable 7.4 times increase in G-super's sales year-over-year. During this period, new user registrations surged by 200% on peak days, with a nearly 40% rise in consumption frequency. Dada plans to host over 30 similar events in 2021, aiming to strengthen partnerships with top supermarket chains across China.
Dada Group (Nasdaq: DADA) reported strong sales trends for its on-demand retail platform, JDDJ, during the 2021 Chinese New Year, reflecting changing consumer behaviors. Notably, orders from outside the city doubled year-over-year, driven by COVID-19 restrictions. Instant food items saw impressive growth, with sales of instant porridge up 5.1 times. Healthy and Western foods also gained popularity, with sales of Ejiao cake rising 4.2 times. Home entertainment purchases surged, as poker sales increased by 2.1 times. Dada continues to be a leader in China's local on-demand market.
Dada Group (Nasdaq: DADA), a leading local on-demand delivery and retail platform in China, participated in Retail Week's 'Accelerating Ecommerce Week' event on February 11, 2021. General Manager Dora Guo highlighted the need for enhanced delivery efficiency in response to rising customer expectations fueled by the 'Amazon effect.' Dada has integrated Dada Now and JDDJ to provide effective delivery solutions, forming strategic partnerships with retailers like Walmart and Sam's Club. Dada's focus on innovation and R&D aims to improve logistics and support the growing demand for micro-ecommerce and last-mile delivery.
Dada Group (Nasdaq: DADA), a leading on-demand delivery and retail platform in China, announced the release of its guidebook for Chinese New Year's Eve dinner, coinciding with Dada Now's commitment to one-hour delivery services. This year, online orders surged, with user orders from different cities doubling compared to last year. Notably, JDDJ reported significant sales increases in various food items, indicating a shift in consumer preferences. Dada Now is collaborating with popular restaurants to enhance delivery capabilities, and is providing financial support for delivery riders during the holiday season.
Dada Group (Nasdaq: DADA) announced the release of its "Sales Report on Consumption Trends During Chinese New Year 2021" from January 16 to February 4. Due to the COVID-19 pandemic, consumers shifted to online orders, with intercity orders doubling from last year. Sales of festival gift boxes surged 3x, particularly cookies and coffee, which saw increases of 4x and 3x, respectively. Notably, sales of salad rose 40x year-on-year. The report also highlighted a 9x increase in mask sales and a significant rise in mobile phone sales, increasing 20x from the previous year.
Dada Nexus Limited (NASDAQ: DADA) has appointed Mr. Rui Yu as a new director to its Board effective January 27, 2021, following the resignation of Mr. Zhenhui Wang. The Board remains comprised of nine members, including two independent directors. Mr. Yu, CEO of JD Logistics, brings extensive logistics experience from his time at JD.com, helping to establish its leading industry position. Dada Nexus operates JDDJ and Dada Now, two interconnected platforms that enhance local on-demand retail and delivery in China.
Dada Group (Nasdaq: DADA) has announced a strategic partnership with Ferrero to innovate an on-demand retail model for snack foods. This collaboration aims to enhance the digitalization of the snack industry and boost online sales through Dada's platform, JDDJ. Notable past successes include a 290% single-day sales increase during a Halloween event. The partnership will utilize digital marketing and user management strategies to reach a broader audience, especially younger consumers, and will include various marketing initiatives throughout 2021.
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