Dada Nexus Limited American Depositary Shares - DADA STOCK NEWS

Dada Group (Nasdaq: DADA) released summer consumption data indicating a significant surge in ice cream and beverage sales driven by extreme heat. Ice cream and popsicle sales rose by 189% and 109% month-over-month, respectively. Sales of alcopop beverages increased by 310%, while beer sales went up by 74%. The Dada Now platform launched its annual "Summer Cooling Plan" to provide support for delivery riders. This initiative expects to distribute thousands of care packages, enhancing rider welfare across hundreds of cities.

Dada Group (NASDAQ: DADA), a prominent on-demand delivery and retail platform in China, celebrated its 8th anniversary on June 16, showcasing its technological advancements. The company focuses on enhancing brick-and-mortar retailers' operations through innovative digital solutions, such as the Haibo System and Monica, which optimize omnichannel sales and marketing. Dada Group aims to revolutionize the delivery sector with its Smart Logistics System and autonomous delivery initiatives. The firm continues to invest in R&D to improve fulfillment processes, aiming to create a seamless retail experience for consumers.

Dada Group (Nasdaq: DADA) achieved remarkable results during the 618 Grand Promotion, with a record single-day transaction volume exceeding RMB600 million on June 18. Sales on JDDJ and Shop Now surged by 77% year-on-year, supported by a customer reach increase of over 400%. Dada Now, the on-demand delivery platform, delivered over 10 million orders on both June 18 and 19. The company engaged over 1.5 million stores across China, optimizing its supply chain and enhancing delivery times. Dada's tech advancements, including the Dada Smart Delivery system, further bolster its market position.

JDDJ and Shop Now, operated by Dada Group (NASDAQ: DADA), reported significant growth during the 618 Grand Promotion in June 2022. In Guangzhou, soup ingredients sales rose by 187% year-on-year, while tea leaves gift boxes increased by 369%. Hotpot ingredients in Changsha surged 86%. Children's Day saw toy sales spike 260%, with baby toys up 190%. Consumer electronics also thrived, with mobile phones and gaming laptops up 201% and over 318%, respectively. The guide highlights the rising demand for on-demand retail in China's evolving market.

Dada Group's JDDJ service reported a remarkable surge in sales during the JD618 Grand Promotion. Beginning May 31, sales increased by 175% year-on-year, with specific categories like electronics and clothing more than doubling. Leveraging over 150,000 offline stores, JDDJ facilitated one-hour delivery across 1,700 locations. Major brands such as Unilever and Apple also saw first-day sales growth exceeding 200%. Additionally, household service orders skyrocketed, with housekeeping and laundry services up 248% and 233%, respectively.

Dada Group (DADA) highlights the increasing significance of fulfillment in on-demand retail during the 2022 China On-Demand Retail Fulfillment Services Summit. The summit unveiled a white paper discussing the current trends, challenges, and solutions in on-demand fulfillment. Dada's innovative 'warehousing-picking-delivery' system has improved fulfillment for retailers, including a successful rollout of its digitized in-store picking service at Walmart China. The number of on-demand delivery orders in China is projected to surpass 40 billion in 2022, with user growth exceeding 750 million.

Dada Group (NASDAQ: DADA) reported a significant revenue increase for Q1 2022, with total net revenues reaching RMB2,025.3 million, reflecting a 74% year-over-year growth on a comparable basis. The company’s net profit margin improved by approximately 30 percentage points. Total GMV for JDDJ was RMB49.1 billion, up 74.4% year-over-year, and active consumers rose to 67.9 million. With enhanced cooperation with JD.com, Dada’s Shop Now GMV saw a more than threefold increase.

Dada Nexus Limited (NASDAQ: DADA) reported its Q1 2022 results, with total net revenues of RMB2,025.3 million, a significant year-over-year increase. The company's Gross Merchandise Volume (GMV) rose 74.4% to RMB49.1 billion, accompanied by a rise in active consumers to 67.9 million. Despite a net loss of RMB604.2 million, improved operational margins were noted. The outlook for Q2 2022 projects revenues between RMB2,250 million and RMB2,350 million, indicating a year-over-year growth of 59% to 66%. Dada's robust revenue growth highlights its resilience amid macroeconomic challenges.