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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) showcased significant growth in 2021, enhancing its omnichannel retail capabilities to adapt to challenges from the pandemic. The company launched the "Shop Now" initiative with JD.com, achieving 150% sales growth in September. Dada's advanced delivery services reduced average delivery times to 23 minutes, marking a milestone. The Haibo System has served over 4,300 retailers, optimizing order fulfillment. Additionally, Dada introduced autonomous delivery vehicles and improved rider safety measures, highlighting a commitment to technological innovation and ESG efforts.
On December 24, 2021, Dada Group and Kimberly-Clark (China) signed a strategic cooperation agreement to enhance their partnership for 2022. This collaboration aims to leverage Dada's on-demand retail platform to optimize supply and marketing in the rapidly growing mum & baby and sanitary product markets. Previous collaborations have led to significant sales increases, particularly during promotional events. Both companies intend to create greater consumer value and market growth through this strengthened relationship.
Dada Group (Nasdaq: DADA) recently contributed to the 'Terminology of Retail Digitalization,' a comprehensive set of standards for the retail industry's digital transformation, officially released on December 7, 2021. This initiative, led by the China Chain Store & Franchise Association, aims to clarify terms and enhance communication within the sector. Dada Group also announced a partnership with Rainbow Supermarket, integrating nearly 70 shops onto its JDDJ platform, enhancing on-demand shopping experiences with one-hour delivery services. This collaboration aims to bolster Rainbow's digital strategy and improve operational efficiency.
Dada Group (Nasdaq: DADA), China's leading local on-demand delivery and retail platform, launched the "Waiting for A Book" program in partnership with Shanghai's Youth Volunteers Association and cultural cafe THE PRESS. This initiative, running until December 25, 2021, facilitates book donations to children in need in mountainous regions like Lijiang, Yunnan. Dada Now provides free pickup and delivery services for donors, enhancing participation. For every book donated, THE PRESS matches with another donation, while Dada Now gifts a bubble toy as a New Year gift. This program highlights Dada's commitment to corporate social responsibility.
On December 6, 2021, Dada Group reported significant growth in winter sales via its JDDJ platform. From November 20-30, sales of foot tubs and electric barbecues soared by over 10 times year-on-year, while electric ceramic stoves and humidifiers increased by over 7 times. Humidifiers were especially favored in northern cities, with Beijing and Xi'an leading in sales. Additionally, electric kettles and bath salts saw growth of over 4 times and double, respectively. Popular seasonal items include Baijiu and mutton, with sales tripling and doubling, respectively.
Dada Group, a leading local on-demand delivery platform in China, showcased its innovations at CNBC's East Tech West 2021. Key highlights include the launch of 'Shop Now' in partnership with JD.com, allowing 550 million users to receive deliveries in under an hour. During the November 11 shopping event, average delivery times dropped to 23 minutes, with pharmaceutical deliveries increasing by 2.3 times year-on-year. Dada's Haibo system improved operational efficiencies significantly. The company emphasized its autonomous delivery capabilities, aiming to enhance last-mile logistics.
Dada Group (Nasdaq: DADA) and Jiajiayue Group have launched the Online and Offline Chile E-commerce Festival in Beijing, coinciding with the Sixth Chile Week. This festival features an omni-channel marketing approach, allowing customers to purchase Chilean products, including cherries and wine, through nearly 1,000 offline Jiajiayue stores and Dada Group's JDDJ online platform. The event highlights Dada's role as the exclusive cooperative on-demand retail platform, enhancing the shopping experience with rapid home delivery. This partnership marks a significant collaboration since their alliance in September 2019.
Dada Nexus Limited (NASDAQ: DADA) reported its third-quarter results for 2021, highlighting a total net revenue of RMB1,686.8 million, reflecting a year-over-year growth of 86.4% in its last-mile delivery services. The company also noted a significant improvement in operating efficiency, with operating profit margins enhancing by over 16 percentage points. For the fourth quarter, Dada anticipates revenues between RMB2.0 billion and RMB2.1 billion, indicating a projected growth rate of 88% to 97% year-over-year. Dada continues to strengthen its partnership with JD.com for enhanced service delivery.
Dada Nexus Limited (NASDAQ: DADA) reported its Q3 2021 financial results, achieving total net revenues of RMB1,686.8 million. The Gross Merchandise Volume (GMV) for JDDJ rose by 74.6% year-over-year, reaching RMB37.2 billion. Active consumers surged to 57.1 million, up from 37.3 million the prior year. While total costs increased to RMB2,282.3 million, the net loss was RMB542.7 million, compared to RMB434.0 million in Q3 2020. Dada anticipates Q4 2021 revenues between RMB2.0 billion and RMB2.1 billion, indicating a projected 88%-97% growth year-over-year.
Dada Group (Nasdaq: DADA), a leading on-demand retail platform in China, participated in the 2021 China Fashion Retail and Consumption Development Summit in Shanghai. General Manager Jiawei Zhang highlighted the new 'Shop Now' service launched in October, which is expected to enhance online traffic and growth opportunities in the fashion sector. Dada's digital platform supports over 120 retailers, optimizing their omni-channel operations while establishing partnerships with major brands across apparel, cosmetics, and home furnishing industries.
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