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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) announced significant geographic expansion of its JD Daojia (JDDJ) platform into lower-tier markets by partnering with over 20 regional supermarket leaders. This initiative strengthens its market share, now collaborating with over two-thirds of China's top 100 supermarket chains. By September 2020, JDDJ covered approximately 1,200 cities, enhancing the delivery experience through its integrated services. The push aims to address the local on-demand retail market's growth potential, focusing on digital empowerment for supermarkets like Ouya and Zhenhua.
Dada Group (Nasdaq: DADA) announced a White Paper by JDDJ's Data Research Institute, revealing mobile phones as the fastest-growing category in on-demand retail. By the end of 2020, JDDJ partnered with over 6,000 electronics stores, enhancing its one-hour delivery service, which 90% of consumers prefer. The average delivery time for mobile phones improved by 17%, with 84% customer satisfaction reported. Additionally, the partnership with JD.com has significantly boosted sales through omni-channel fulfillment. This strategic alignment positions Dada Group favorably in China's evolving retail landscape.
Dada Group (Nasdaq: DADA), China's leading local on-demand delivery platform, announced that its Co-Founder, Jun Yang, spoke at the China E-Commerce Logistics Conference in Shanghai. Yang emphasized the growing demand for online retail and how Dada Now enhances efficiency in local retail through a crowdsourcing delivery model. This model reportedly improves delivery efficiency by 10-20%. Dada Now also provides a premium service with trained riders. The company received the 'Safety Management Award' and its Credit Riders program was recognized with the 'Innovative Practice Award.'
Dada Group (Nasdaq: DADA), a leading local on-demand delivery and retail platform in China, is enhancing its one-hour delivery service amid the growing e-commerce sector due to COVID-19. The company has established deep connections with over 100,000 merchants across various categories and is actively expanding its services in first through fourth-tier cities. Notably, Dada has observed ongoing consumer preferences for home delivery, even as pandemic restrictions ease. As online shopping habits solidify, Dada is poised to capitalize on this trend with its interconnected platforms, JDDJ and Dada Now.
Dada Group (Nasdaq: DADA) announced a strategic partnership with PepsiCo aimed at enhancing PepsiCo's market share in the carbonated beverage sector. The collaboration focuses on a flagship beverage brand utilizing refined user operations, online product supply, and innovative marketing strategies. The 'Bring Happiness Home' campaign, initially launched by PepsiCo in 2012, will be reinvigorated for the 2021 Spring Festival, emphasizing online and offline integration. Since 2018, PepsiCo's sales on Dada's JDDJ platform surged 195% this year, making it a significant player in the local on-demand retail market.
Dada Group (Nasdaq: DADA), a leading local on-demand delivery platform in China, has announced a strategic partnership with Unilever to develop a data-driven on-demand retail model. This collaboration aims to enhance retail operations in the fast-moving consumer goods sector by leveraging Dada's technology and expanding into lower-tier cities. Unilever recognized Dada's JDDJ platform as its top O2O supermarket platform, with significant sales boosts from joint marketing initiatives, including a 450% increase during Super Brand Day. The partnership is set to deepen efforts in transforming the online retail experience.
Dada Nexus Limited (NASDAQ: DADA) announced the pricing of its follow-on offering of 9,000,000 American Depositary Shares (ADSs) at $50.00 per ADS, with a 30-day option for underwriters to purchase an additional 1,350,000 ADSs. The offering is set to close on December 7, 2020. Proceeds will be allocated for marketing initiatives, user base expansion, technology investments, and general corporate purposes. Joint bookrunners include Goldman Sachs, BofA Securities, Jefferies, and Haitong International.
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