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 (formerly traded on Nasdaq under the symbol DADA) is described in its public communications as China’s leading local on-demand retail and delivery platform. Company news releases focus on the operation of its two inter-connected platforms, JD NOW and Dada NOW, and on significant corporate events affecting shareholders and the company’s listing status.
News about Dada Nexus Limited has included detailed financial results, with disaggregated revenues for JD NOW and Dada NOW, as well as supplemental metrics such as order volume and gross billings for on-demand delivery services. These announcements explain how commission fees, online advertising and marketing services, fulfillment services and others, and intra-city and last-mile delivery services contribute to the company’s reported net revenues. Investors reviewing historical news can see how the company described trends in order volume, revenue mix, and operating expenses over time.
Another major category of news for DADA relates to corporate transactions and listing status. In a series of Globe Newswire announcements, the company reported receipt of a preliminary non-binding proposal from JD.com, Inc., the formation of a special committee of independent directors, the negotiation and signing of an Agreement and Plan of Merger, shareholder approval of the merger at an extraordinary general meeting, and the completion of a going-private transaction. The June 16, 2025 announcement states that, upon completion of the merger with JD Sunflower Merger Sub Limited, Dada Nexus Limited became a wholly owned subsidiary of JD Sunflower Investment Limited and would cease to be a publicly traded company, with its ADSs suspended from trading on Nasdaq and subject to delisting.
For users researching DADA on this news page, the archive provides historical coverage of the company’s financial performance, operational metrics for its JD NOW and Dada NOW platforms, and the step-by-step progression of the going-private transaction that led to the delisting and deregistration of its ADSs. This context can help readers understand both the underlying business model and the corporate actions that changed the status of the DADA ticker.
JDDJ, operated by Dada Group (Nasdaq: DADA), is witnessing a surge in back-to-school shopping, with notable increases in dormitory essentials and consumer electronics. Sales of dormitory necessities like lamps and bed covers rose over tenfold year-over-year, while office supplies increased by more than nine times. Consumer electronics saw a 170% growth, and sports apparel sales also surged over ten times. This trend highlights Gen-Z's preference for on-demand shopping, allowing students to conveniently order items upon arrival at campus, reducing the burden of carrying heavy luggage.
On September 5, 2022, JDDJ's General Manager Changming Li highlighted the explosive growth of on-demand retail at the China International Fair for Trade in Services. The sector is projected to exceed 1.2 trillion yuan by 2025, showcasing its significant role in integrating offline and online retail. JDDJ's collaborations boosted sales by 77% year-on-year, with a 400% increase in consumers using the Shop Now platform during the 618 Grand Promotion. JDDJ is crucial in helping traditional retailers transition to digital platforms, demonstrating its importance in the evolving retail landscape.
Dada Group (NASDAQ: DADA) highlights its Dada Now platform at the World Artificial Intelligence Conference in Shanghai, showcasing advancements in on-demand delivery through AI technology. General Manager Bing FU reported a rapid order growth, with 30.85 billion orders in 2021, reflecting a CAGR of nearly 60%. The platform's AI algorithms improve rider efficiency, achieving a 95.1% accuracy in locating delivery addresses. Collaborations with JD Logistics and White Rhino for autonomous deliveries are noted, promising lower costs and increased delivery capacity, ensuring orders are fulfilled within one hour.
Dada Nexus Limited (NASDAQ: DADA) reported significant growth in its second quarter 2022 financial results, with total net revenues reaching RMB2,281.1 million, a 55% year-over-year increase. Gross Merchandise Volume (GMV) for JDDJ rose by 68.9% to RMB54.6 billion. Active consumers increased by 41.6% to 72.8 million. Despite rising expenses totaling RMB2,909.3 million, the company's net loss decreased to RMB578.8 million from RMB640.4 million in Q2 2021. For Q3 2022, Dada projects revenues of RMB2,350 million to RMB2,450 million, indicating growth of 39% to 45% year-over-year.
Dada Nexus Limited (NASDAQ: DADA) announced significant leadership changes, effective August 31, 2022. Philip Kuai resigned as chairman and CEO. Huijian He was appointed president, while Lijun Xin is now chairman of the Board. Other resignations include Lei Xu, Yui Yu, Sandy Ran Xu, and Bonnie Yi Zhang, with Laura Marie Butler and Jian Han appointed as independent directors. Huijian He has been vital to Dada's growth and works closely with JD.com. These changes signal a strategic shift aimed at enhancing operational efficiency and synergy with JD.com in the local on-demand retail market.
Dada Nexus Limited (NASDAQ: DADA), a leading local on-demand delivery and retail platform in China, will release its unaudited financial results for Q2 2022 on August 22, 2022, after U.S. market close. A conference call to discuss earnings is set for 9:30 p.m. ET on the same day. Dada operates two interconnected platforms: JDDJ for retail and Dada Now for delivery, enhancing delivery experiences and increasing order volumes. Forward-looking statements regarding business strategies and market conditions are included.
Dada Group has reported a significant surge in sales via its on-demand retail platform, JDDJ, during the Qixi Festival in China. Sales of fresh flowers jumped by 60% week-on-week, while makeup kits saw a remarkable increase of 113%. This surge is attributed to busy consumers opting for quick delivery options. Additionally, the festival has triggered a notable rise in sales of higher-end products, with watch sales increasing almost fivefold. The data reflects changing consumer behaviors, particularly couples preferring home dining over going out.
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Dada Group (Nasdaq: DADA) unveiled the White Paper On Open On-Demand Retail Platform Model at the 2022 China International Retail Innovation Summit. This document offers insights into the open platform model of on-demand retail and serves as a guide for retailers seeking growth in China. The paper highlights successful cases and development pathways, emphasizing how on-demand retail enhances efficiency and shopping experiences. Industry leaders predict the on-demand retail market could reach a trillion dollars within 3 to 5 years, bolstered by partnerships with major brands like Walmart.
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.
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