Dada Nexus Ltd - DADA STOCK NEWS

Welcome to our dedicated page for Dada Nexus news (Ticker: DADA), a resource for investors and traders seeking the latest updates and insights on Dada Nexus stock.

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.

04/22/2024 06:17 AM

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Dada Files Annual Report on Form 20-F for Fiscal Year 2023

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Dada Nexus , a leading local on-demand retail and delivery platform in China, has filed its annual report on Form 20-F for the fiscal year ended December 31, 2023 with the SEC. Shareholders can access the report online or request a hard copy free of charge. The company aims to maintain transparency and provide financial information to its investors.

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03/25/2024 06:00 PM

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Dada Announces Unaudited Fourth Quarter and Fiscal Year 2023 Financial Results

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Dada Nexus (NASDAQ: DADA) announced its unaudited financial results for Q4 and fiscal year 2023, showing total net revenues of RMB2,752.2 million and RMB10,506.3 million, respectively. Despite an increase in revenues, the company reported a net loss of RMB1,282.4 million for Q4 and RMB1,957.5 million for the fiscal year.

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03/22/2024 03:00 AM

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Dada to Announce Unaudited Fourth Quarter and Fiscal Year 2023 Financial Results on March 25, 2024

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Dada Nexus (DADA) will release unaudited financial results for Q4 and fiscal year 2023 on March 25, 2024. The Company will host a conference call to discuss earnings. Participants can pre-register for the call using the provided link.

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12/19/2023 05:20 AM

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Dada Announces Certain Management Changes

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Dada Nexus Limited (NASDAQ: DADA) announced the resignation of Chairman Lijun Xin and CFO Beck Zhaoming Chen, with Ian Su Shan and Henry Jun Mao named as their successors. Ian Su Shan, who previously served as the CFO of JD.com, Inc., will take over as Chairman, while Henry Jun Mao, previously the Head of Investor Relations at JD Logistics, Inc., will be the new CFO.

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11/14/2023 05:00 PM

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Dada Announces Unaudited Third Quarter 2023 Financial Results

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Dada Nexus Limited (NASDAQ: DADA) announced unaudited financial results for Q3 2023, reporting a 20.4% increase in total net revenues year over year. The company's GMV for JDDJ saw a 24.0% increase. Total net revenues reached RMB2,866.6 million, with an increase in net revenues from Dada Now and JDDJ. The company posted a net loss of RMB166.0 million, down from RMB454.3 million in the same period of 2022. Dada expects total net revenues for Q4 2023 to be between RMB3,000 million and RMB3,300 million, representing year-over-year growth of 12% to 23%.

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11/08/2023 05:00 AM

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Dada to Announce Unaudited Third Quarter 2023 Financial Results on November 14, 2023

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Dada Nexus Limited (NASDAQ: DADA) will release its unaudited financial results for Q3 2023 on November 14, 2023, after the close of U.S. markets. A conference call to discuss the earnings will be held at 8:30 p.m. Eastern Time. Register in advance using the provided link. Webcast available on the Investor Relations section of Dada’s website.

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08/15/2023 06:00 PM

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Dada Announces Unaudited Second Quarter 2023 Financial Results

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Dada Nexus Limited announces unaudited financial results for Q2 2023, with total net revenues of RMB2,810.6 million, an increase of 23.2% YoY. Gross Merchandise Volume of JDDJ for the twelve months ended June 30, 2023, was RMB70.8 billion, an increase of 29.8% YoY. Dada reports its first-ever positive quarterly non-GAAP net income of RMB8.4 million. The company expects total net revenues for Q3 2023 to be between RMB2,800 million and RMB3,000 million, representing YoY growth of 17.6% to 26.0%.

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08/09/2023 06:00 AM

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Dada to Announce Unaudited Second Quarter 2023 Financial Results on August 15, 2023

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Dada Nexus Limited will release its unaudited financial results for Q2 2023 on August 15, 2023. The company will host a conference call to discuss the earnings.

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05/31/2023 02:19 AM

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Dada Publishes 2022 ESG Report

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05/10/2023 06:00 PM

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Dada Announces Unaudited First Quarter 2023 Financial Results

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FAQ

What is the current stock price of Dada Nexus (DADA)?

The current stock price of Dada Nexus (DADA) is $1.86 as of February 28, 2025.

What is the market cap of Dada Nexus (DADA)?

The market cap of Dada Nexus (DADA) is approximately 488.4M.

What is Dada Nexus Limited?

Dada Nexus Limited is a leading crowdsourced delivery service provider in China, operating the Dada Now delivery platform and JD Daojia (JDDJ) on-demand retail platform.

What services does Dada Now offer?

Dada Now provides last-mile and intracity logistics services using a crowdsourced model. Over three million delivery personnel ensure swift and reliable service, handling over four million orders daily.

What is JD Daojia (JDDJ)?

JD Daojia (JDDJ) is an online retail platform that connects consumers with local merchants, offering a variety of products including groceries, fresh produce, and health items, with quick delivery in 22 Chinese cities.

Who are the major investors in Dada Nexus Limited?

Dada Nexus has received significant investments from Sequoia, DST, JD.com, and Walmart. As of June 2023, JD.com and Walmart own 53.9% and 9.3% of the company, respectively.

When was Dada Nexus Limited established?

Dada Nexus Limited was established in 2014.

How many cities does Dada Nexus cover?

Dada Nexus covers over 360 major cities across China.

How many registered users does JD Daojia (JDDJ) have?

JD Daojia (JDDJ) has over 30 million registered users.

What is the daily order volume for Dada Now?

Dada Now handles over four million orders daily.

How quickly are deliveries completed on Dada Now?

99% of deliveries on Dada Now are completed within an hour.

Where can I find more information about Dada Nexus Limited?

For more information, please visit the Dada Nexus Investor Relations page at https://ir.imdada.cn/.

Dada Nexus Ltd

Nasdaq:DADA

DADA Rankings

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N/A Ranked by Dividends

DADA Stock Data

Market Cap 488.43M

Float 258.01M

Insiders Ownership 3.01%

Institutions Ownership 15.71%

Short Percent 0.84%

Industry Internet Retail

Sector Consumer Cyclical

Website Link

Country China

City Shanghai