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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 Group (Nasdaq: DADA) has launched online booking for COVID antigen self-test kits via JDDJ, China's largest local on-demand retail platform, amid increasing COVID cases. Partnering with major pharmacies, Dada ensures rapid one-hour home delivery of kits approved by the National Medical Products Administration. Recent data shows a 34% increase in order volume on JDDJ in Shanghai, with significant spikes in food sales. Dada maintains high operational standards with over 90% of retail stores functioning normally in key cities, while enhancing delivery safety protocols for riders and consumers.
Dada Nexus Limited (NASDAQ: DADA), a leading local on-demand delivery and retail platform in China, announced a share repurchase program. The board approved a buyback of ordinary shares with a total value of up to US$70 million over the next 12 months. This program is expected to be funded through the company's existing cash reserves. The repurchase may occur on the open market or through private negotiations, aligning with applicable regulations. This initiative aims to enhance shareholder value and reflects the company's confidence in its financial stability.
Dada Nexus Limited (NASDAQ: DADA) reported Q4 and FY 2021 results, with Q4 revenues at RMB2,032.1 million, up from RMB2,015.8 million YoY. For FY 2021, total revenues reached RMB6,866.3 million, a significant increase from RMB5,739.9 million in 2020. Gross Merchandise Volume grew 70.5% to RMB43.1 billion, and active consumers surged to 62.3 million. However, the company faced a net loss of RMB577.8 million for Q4 and RMB2,471.1 million for FY 2021. Looking ahead, Dada anticipates Q1 2022 revenues between RMB2,000-2,050 million, indicating 72-76% YoY growth.
Dada Nexus Limited (NASDAQ: DADA) will release its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2021, on March 8, 2022, post U.S. market closure. A conference call to discuss the earnings will occur at 8:00 p.m. Eastern Time on the same day. Dada operates JDDJ and Dada Now, offering local on-demand retail and delivery services in China. These platforms enhance each other's performance through a unified delivery system, increasing efficiency and order volume.
JD.com has received all regulatory approvals for its investment in Dada Nexus Limited, expected to close by the end of February 2022. This deal involves JD.com acquiring a significant stake, totaling a cash investment of $546 million, which will result in JD.com holding approximately 52% of Dada's shares. After the completion of this transaction, JD.com plans to consolidate Dada's financial results into its own statements. The investment is a strategic move to enhance JD.com's local retail delivery capabilities through Dada's platforms.
Dada Group (Nasdaq: DADA) released a holiday consumption report for Chinese New Year 2022, detailing sales from January 7 to February 4. The report highlights a demand for mobile phones, beauty products, and home appliances. Key sales metrics include:
- Fast Delivery: Orders delivered in as little as 9 minutes.
- Top Products: Dairy, liquor, and gift boxes saw significant sales increases.
- Tiger Year Items: Sales of tiger-themed products rose 7 times.
- Convenience Foods: Semi-finished dishes saw over 10 times sales growth.
Dada aims to enhance the shopping experience with efficient delivery services.
Dada Group (Nasdaq: DADA) released insights on consumption trends during the Chinese New Year 2022, noting a significant increase in online orders, particularly from individuals staying in their current cities. Key trends included a 1.4x rise in orders placed from different cities, a surge in sales for healthy lifestyle products, family entertainment items, and pet care. The company emphasized its commitment to enhancing customer experience through one-hour delivery services. The data illustrates adaptive consumer behavior and bolstered online retail performance during the festive season.
Dada Group, a leader in China’s on-demand delivery and retail market, hosted the "JD Daojia On-Demand Retail Seminar" in Shanghai on January 14, 2022. The seminar brought together industry experts from major global brands, focusing on omni-channel supply optimization and future strategies for on-demand retail. Dada aims to enhance supply chain efficiency and consumer insights through digital capabilities. Their platform, JD Daojia, has established partnerships with 82 of the Top 100 supermarket chains in China, securing its position as a leader in the industry.
Dada Group (Nasdaq: DADA) announced that its Dada Now and JDDJ platforms will remain operational during the 2022 Chinese New Year, providing one-hour on-demand shopping services nationwide. The shopping festival kicks off on January 7, featuring promotions in over 1,700 cities. The company emphasizes enhanced delivery capabilities, including an upgraded warehousing and delivery system and autonomous delivery vehicles to support peak demand. Dada's initiatives aim to stimulate online consumption and ensure strong supply chain operations for retailers during the festive season.
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