Dada Nexus Limited American Depositary Shares - DADA STOCK NEWS

Dada Nexus Limited (NASDAQ: DADA) has been provisionally identified by the SEC under the Holding Foreign Companies Accountable Act (HFCAA) as of May 4, 2022. This identification stems from the company’s use of an auditor whose working papers cannot be fully inspected by the PCAOB for the fiscal year ending December 31, 2021. If the SEC determines that Dada continues to file reports with non-inspectable audits for three consecutive years, trading of Dada's shares may be prohibited in the U.S. The company is actively seeking solutions to protect stakeholder interests while ensuring compliance with U.S. and Chinese regulations.

Dada Nexus Limited (NASDAQ: DADA), a leader in China's local on-demand delivery and retail, filed its annual report on Form 20-F for 2021 with the SEC on April 28, 2022. The report is available on the company's investor relations site and the SEC's website. Shareholders can request a hard copy with audited financials free of charge. Dada operates two key platforms: JDDJ, a top retail platform, and Dada Now, specializing in delivery services. These platforms enhance each other, offering improved logistics and increased order volumes.

The 415 Intra-City Shopping Festival, co-organized by Dada Group's JDDJ and JD.com, marked a historic peak in sales from April 8 to 17, with over 150,000 offline stores participating across 1,700 cities. Top-selling categories included dairy, non-staple foods, and digital products, with FMCG sales peaking on April 15. Sales for brands like Walmart and Yonghui supermarket doubled, and innovative marketing campaigns boosted sales significantly, including a 480% increase in Yili's milk powder sales during a livestream event.

The 415 Intra-City Shopping Festival by Dada Group (Nasdaq: DADA) has successfully enhanced sales for offline stores and brands this year. With over 10,000 stores participating, the event introduced innovations such as livestreaming ecommerce featuring real-time delivery. A notable highlight was Yili's livestreaming session that attracted 1.56 million viewers and increased its sales by 482% year-on-year. Dada Group continues to spearhead the digitization of retail through its platforms, JDDJ and Dada Now, empowering brands to tap into the booming on-demand retail market.

Dada Group (Nasdaq: DADA) announced the progress of its autonomous delivery operation open platform during the 7th 415 Intra-City Shopping Festival, running until April 17, 2022. This platform aims to enhance delivery efficiency with functionalities like smart dispatching and human-vehicle interaction, addressing significant order volumes from over 150,000 offline stores. Since its launch in July 2021, the platform has successfully managed over 30,000 supermarket orders, maintaining a delivery fulfillment rate above 95%. Dada's commitment to innovation in on-demand delivery positions it favorably in China's evolving retail landscape.

Dada Group and JD Super released the On-Demand Consumption Trend Report 2022, highlighting key consumption trends from Shop Now data. Five cities, including Beijing and Shanghai, dominate on-demand retail. Notably, millennial female users surged over 6 times YOY, favoring high-quality milk. Shop Now, linked to JD's 570 million active users, has over 34,000 stores online, serving around 400 cities. Users under 35 make up 55% of the base, while acceptance among users over 46 is growing, now at 24%. The maternal market is expanding, with a sixfold increase in mothers born after 1995.

This April, the "415 Intra-City Shopping Festival" will be co-hosted by Dada Group's JDDJ and Shop Now, featuring over 150,000 offline stores across 1,700 locations in China. The Festival, marking the 7th anniversary of JDDJ, is set to enhance on-demand retail capabilities, allowing for one-hour delivery across various product categories. Major retailers, including Walmart and Apple, will participate, and livestream shopping will amplify marketing efforts. Dada's autonomous delivery service will also debut, optimizing fulfillment amidst expected high order volumes.

Dada Group (Nasdaq: DADA) is enhancing its JDDJ platform to meet rising demand for medications as cities in China tighten anti-epidemic measures. In March, JDDJ reported significant increases in orders for medical supplies: epidemic-related (380%), chronic disease medicines (160%), and household medicines (130%). Additionally, JDDJ is now integrated with JD Health to provide 24/7 online health consultations. The number of consultations rose by 30% from February to March, reflecting a growing reliance on online healthcare services.

Dada Group (Nasdaq: DADA) has deployed its unmanned delivery services in major Chinese cities, including Shanghai, Beijing, Shenzhen, and Hefei, to address increased online orders during the epidemic resurgence. Collaborating with JD Logistics and White Rhino, Dada's autonomous vehicles ensure contactless delivery while minimizing infection risks, with disinfection protocols in place. Launched in July 2021, the platform has successfully managed over 30,000 supermarket delivery orders by March 2022. The unmanned delivery system is designed to enhance efficiency, safety, and cost-effectiveness in on-demand retail.