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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 (DADA) plans to offer 9,000,000 American Depositary Shares (ADSs), each representing four ordinary shares, in an underwritten public offering. The underwriters may purchase an additional 1,350,000 ADSs within 30 days. Proceeds will be allocated to marketing, user growth, technology investments, and general corporate purposes. Goldman Sachs, BofA Securities, Jefferies, and Haitong International serve as joint bookrunners. A preliminary prospectus has been filed with the SEC.
Dada Group (Nasdaq: DADA) announced that its CEO, Phillip Kuai, spoke at the China National Retail Congress on November 19, 2020. He highlighted Dada's innovative local on-demand delivery model and its role in advancing e-commerce in China. Kuai emphasized the significant offline retail market, where 80% of activities occur, presenting opportunities for digitization. Dada reported strong Q3 results, with both Dada Now and JDDJ increasing market share. The company achieved a record of 10 million orders on Singles Day, reflecting rapid growth in the local on-demand retail sector.
Dada Group (NASDAQ: DADA) reported strong Q3 2020 financial results with net revenues reaching RMB1,301.5 million, a remarkable 85.5% year-over-year increase. The number of orders delivered via Dada Now soared to 1 billion, while JDDJ’s Gross Merchandise Volume climbed by 102.9% to RMB21.3 billion. Active consumers grew to 37.3 million, up 77.1% from last year. The company's market share in local on-demand delivery and retail increased significantly, solidifying its leadership position in the sector.
Dada Group (DADA) will release its third-quarter financial results for 2020 on November 19, after U.S. markets close. A conference call to discuss the earnings will be held at 8:00 p.m. Eastern Time the same day. Investors can pre-register for the call via a provided link. The company operates JDDJ, a major local on-demand retail platform in China, and Dada Now, a delivery platform. The interconnection of these platforms enhances delivery services and order volume. A telephone replay of the call will be available until November 27, 2020.
Dada Group (Nasdaq: DADA) has reported record sales during the 2020 Singles Day Shopping Festival, which took place from November 3-12. JDDJ, Dada's on-demand retail platform, saw sales more than double year-over-year. Dada Now achieved a peak of 1.1 million orders in a single hour on November 11 and delivered 10 million orders on November 12. Participation increased with over 100,000 stores involved. Key sales categories included groceries and smartphones, with smartphone sales up over 200% compared to the 618 Shopping Festival.
Dada Group (Nasdaq: DADA) has announced record sales during the 6th annual 1020 Supermarket Shopping Festival from October 12-21, 2020, marking a significant achievement in China’s O2O retail space. The festival, covering over 1,000 cities, saw substantial growth in various product categories, including a 4x increase in health foods and a 9x rise in mask sales compared to last year. Lower-tier cities showed impressive sales growth, with some locations recording sales over 5x their daily averages. Major retail partners like Walmart and CR Vanguard boosted sales significantly, emphasizing the festival's impact.
Dada Group (NASDAQ: DADA) announced a strong second quarter for 2020, with total net revenues reaching RMB1,323.0 million (US$187.3 million), a 93.1% increase YoY. The company delivered 925.6 million orders for the year ending June 30, 2020, and reported a GMV of RMB18.3 billion (US$2.6 billion), up 98.1% YoY. Despite a net loss of RMB457.5 million (US$64.8 million), operating margin improved to -35.7%, compared to -49.6% last year. Dada anticipates revenue between RMB1,280 million and RMB1,340 million in Q3 2020, projecting a growth of 82% to 91% YoY.
Dada Group (NASDAQ: DADA) announced it will release its unaudited financial results for Q2 2020 on August 24, 2020, after U.S. markets close. A conference call to discuss these results will be held at 9:00 p.m. ET on the same day. Dada operates the JDDJ retail and Dada Now delivery platforms, which support local on-demand services in China. Pre-registration is required for the call, and an archived webcast will be available on their Investor Relations website.
Dada Group (Nasdaq: DADA), China's top on-demand delivery and retail platform, highlighted the significance of retail digitization during the China International Retail Innovation Summit held on August 12, 2020. CEO Philip Kuai emphasized that offline retail still dominates, with online sales at approximately 20%. He discussed Dada's efforts to empower brick-and-mortar stores through digital solutions and acknowledged the company's role during the COVID-19 pandemic in supporting communities. Dada aims to enhance consumer access to essential goods, reflecting increased demand for digital retail solutions.
Dada Group (Nasdaq: DADA), China's leading local on-demand delivery and retail platform, has introduced an upgraded 'Dedicated Delivery' service via its Dada Now platform. This service, aimed at chain retailers including Walmart and Quanyuantang Pharmacy, enhances omni-channel fulfillment solutions. As of March 31, 2020, the platform has completed 822 million orders through over 634,000 active riders across 2,400 cities. Notable partnerships reinforce Dada's commitment to customized delivery solutions, boosting efficiency and enhancing customer experiences.
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