Dada Nexus

Dada Nexus Ltd. provides a platform for local on-demand retail and delivery in China. The company operates JD-Daojia, a local on-demand retail platform; and Dada Now, a local on-demand delivery platform in China. Dada Nexus was founded by Jia Qi Kuai and Jun Yang on July 8, 2014 and is headquartered in Shanghai, China.

Earnings data Q1 2021

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Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Dada Nexus reports robust Q1 performance, eyes growth opportunities

Dada Nexus (DADA) showcased strong financial and operational performance in Q1 2023, driven by revenue growth and margin improvement.
The company's strategic partnerships, focus on key categories, and expansion of delivery services position it well for future growth.
While challenges like achieving profitability persist, Dada Nexus has opportunities to capitalize on market trends, enhance customer engagement, and drive further expansion.

Dada Nexus achieves positive net income, eyes sustainable growth strategies

Dada Nexus delivered strong financial results, marked by revenue growth and positive adjusted net income, underpinned by operational enhancements and strategic initiatives.
The company's focus on profitability, brand building, and partnerships positions it well for sustained growth and value creation in the competitive on-demand delivery market.
While facing challenges in unit economics and macro conditions, Dada Nexus remains optimistic about its long-term prospects, emphasizing margin improvement and growth strategies.

Dada Nexus reports robust Q3 earnings, eyes growth amid challenges

Dada Nexus delivered a strong performance in Q3 2023, with notable revenue growth and operational achievements, underpinned by strategic partnerships and category expansion.
While facing challenges such as increased costs and net losses, the company maintains financial stability and resilience, with opportunities to drive further growth and profitability.
With a positive outlook for Q4 2023 and a focus on cost management, Dada Nexus is well-positioned to leverage opportunities and navigate challenges for sustained success.

Dada Nexus reports revenue growth and operational expansion in 2023

Dada Nexus showed improved financial performance in Q4 2023 and full year 2023, with revenue growth and narrowing net losses.
Operational highlights and strategic initiatives indicate the company's focus on efficiency, expansion, and market positioning.
While facing challenges in financial reporting accuracy and profitability, Dada Nexus has opportunities to capitalize on market growth and enhance shareholder value.

Dada Nexus reports robust Q1 revenue growth and strategic focus

Dada Nexus (DADA) showcased strong revenue performance and operational improvements in Q1 2024.
While facing a net loss, the company's strategic focus on user experience and growth initiatives bodes well for the future.
Challenges include cost management and competitive pressures, but opportunities for expansion and synergy-driven growth are evident.
Overall, Dada Nexus is poised for growth with a strategic roadmap emphasizing user experience and operational efficiency.

Dada Nexus reports robust Q2 growth amidst profitability challenges

Dada Nexus delivered strong Q2 results, focusing on high-quality growth and user experience
Challenges include profitability concerns, competition, and managing growth effectively
Opportunities exist in leveraging platform synergies, meeting consumer demand, and strategic partnerships

Dada Nexus reports strong Q3 performance, eyes growth opportunities

Dada Nexus (DADA) demonstrated robust performance with strong revenue growth and user expansion.
While facing challenges in profitability, the company's strategic focus on user retention and service quality is a key strength.
Opportunities for growth exist in expanding services, enhancing partnerships, and capitalizing on market demand.

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Dada Nexus Ltd. engages in the provision of platform for local on-demand retail and delivery in China. It operates JD-Daojia, a local on-demand retail platform; and Dada Now, a local on-demand delivery platform in The company was founded by Jia Qi Kuai and Jun Yang on July 8, 2014 and is headquartered in Shanghai, China.

Dada Nexus Limited (NASDAQ:DADA ) Q1 2022 Earnings Conference Call May 16, 2022 9:30 PM ET Company Participants Caroline Dong - Head of Investor Relations Philip Kuai - Chairman & Chief Executive Officer Beck Chen - Chief Financial Officer Conference Call Participants Ronald Keung - Goldman Sachs Eddie Leung - Bank of America Merrill Lynch Thomas Chong - Jefferies Alicia Yap - Citigroup Wei Xiong - UBS Andre Chang - JPMorgan Robin Lim - Daiwa Wei Fang - Mizuho Operator Good morning, ladies and gentlemen and thank you for standing by for Dada First Quarter 20221 Earnings Conference Call. At this time, all participants are in listen-only mode.

Dada Nexus Limited (DADA) CEO Philip Kuai on Q1 2022 Results - Earnings Call Transcript

SHANGHAI , May 16, 2022 /PRNewswire/ -- Dada Nexus Limited (Dada Group, NASDAQ: DADA), China's leading local on-demand delivery and retail platform, today announced its unaudited financial results for the first quarter ended March 31, 2022. Financial highlights: Total net revenues first quarter were RMB2,025.3 million.

Dada's first quarter 2022 updates: Q1 revenues up 74% YOY on comparable basis, net profit margin significantly improved

SHANGHAI, China, May 16, 2022 (GLOBE NEWSWIRE) -- Dada Nexus Limited (NASDAQ: DADA, “Dada” or the “Company”), China's leading local on-demand delivery and retail platform, today announced its unaudited financial results for the first quarter ended March 31, 2022.

Dada Announces Unaudited First Quarter 2022 Financial Results

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Over the past couple of months, China has faced some economic issues in the form of a COVID-19-related lockdowns.

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Dada Nexus (DADA) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Why Earnings Season Could Be Great for Dada Nexus (DADA)

SHANGHAI, China, May 11, 2022 (GLOBE NEWSWIRE) -- Dada Nexus Limited (“Dada” or the “Company”) (NASDAQ: DADA), China's leading local on-demand delivery and retail platform, today announced that it will release its unaudited financial results for the first quarter ended March 31, 2022, on Monday, May 16, 2022, after the close of U.S. markets.

Dada to Announce First Quarter 2022 Unaudited Financial Results on May 16, 2022

SHANGHAI, China, May 05, 2022 (GLOBE NEWSWIRE) -- Dada Nexus Limited (“Dada” or the “Company”) (NASDAQ: DADA), China's leading local on-demand delivery and retail platform, today announced that the Company is aware of the fact that it was provisionally identified by the United States Securities and Exchange Commission (the “SEC”) under the Holding Foreign Companies Accountable Act of the United States (the “HFCAA”) on May 4, 2022. Such identification may have resulted from the Company's filing of the annual report on Form 20-F for the fiscal year ended December 31, 2021.

Dada Provides Update on its Status under the Holding Foreign Companies Accountable Act

SHANGHAI, China, April 28, 2022 (GLOBE NEWSWIRE) -- Dada Nexus Limited (“Dada” or the “Company”) (NASDAQ: DADA), China's leading local on-demand delivery and retail platform, today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2021 with the U.S. Securities and Exchange Commission (“SEC”) on April 28, 2022. The annual report can be accessed on the Company's investor relations website at https://ir.imdada.cn/ as well as the SEC's website at http://www.sec.gov.

Dada Files Annual Report on Form 20-F for Fiscal Year 2021

SHANGHAI , April 18, 2022 /PRNewswire/ -- The yearly "415 Intra-City Shopping Festival" (the "Festival"), an on-demand shopping spree initiated by JDDJ of Dada Group (Nasdaq: DADA), has become an effective grasp for offline stores and brands to boost sales and enhance awareness. This year, JDDJ ramps up the event with multiple new efforts: its "livestreaming ecommerce with one-hour delivery" service now covers over 10,000 offline stores; a broadcasting session of China's leading dairy group Yili on JDDJ was watched by over 1.56 million consumers, pulling the brand's daily sales through livestreaming up to a peak in history.

Brands embrace on-demand retail with innovative marketing during Dada Group's 415 Shopping Festival

SHANGHAI , April 12, 2022 /PRNewswire/ -- China's leading local on-demand delivery and retail platform, Dada Group (Nasdaq: DADA) ("Dada") launched in July 2021 an open platform dedicated to making autonomous delivery services smoother and smarter. Now, a video decoding more of its technology features, operational functionalities and applicable scenarios is watchable here.

Dada Group's autonomous delivery platform in action to improve 415 shopping festival fulfillments

SHANGHAI , April 8, 2022 /PRNewswire/ -- Shop Now, the new business jointly launched by JD.com and Dada Group (Nasdaq: DADA), and JD Super, JD.com's online supermarket business, released the "On-Demand Consumption Trend Report 2022" together recently. Based on Shop Now consumption data, the report reveals nine key consumption trends.

On-demand Consumption Trend Report 2022 Reveals Key Consumer Preferences

SHANGHAI , April 7, 2022 /PRNewswire/ -- From April 8 to 17, the "415 Intra-City Shopping Festival" (the Festival) will be jointly launched on Dada Group's (Nasdaq: DADA) JDDJ and "Shop Now". For the first time in its history to be co-organized through both channels, the event will also reach its largest-ever scale with over 150,000 offline stores across over 1,700 cities and counties engaged, to provide consumers in China with products across all categories, deliverable within one hour.

Dada Group to scale up 415 Shopping Festival with over 150,000 stores, autonomous delivery initiative, and more

SHANGHAI, April 2, 2022 /PRNewswire/ -- As a number of cities in China are ramping up anti-epidemic measures, more consumers rely on online-to-offline services to purchase much-needed medications. JDDJ, one of China's largest local on-demand retail platforms operated by Dada Group (Nasdaq: DADA), is proactively stepping up efforts to guarantee citizens' medication needs in collaboration with its pharmaceutical partners.

Dada's JDDJ in action to guarantee medical supply and online health consultation with pharmaceutical partners

SHANGHAI, April 1, 2022 /PRNewswire/ -- Amid the current epidemic resurgence, citizens' booming online orders of daily necessities have posed a challenge to deliverers' capacity. To tackle the issues coming along, 'unmanned delivery' is the answer of Dada Group (Nasdaq: DADA), China's leading local on-demand delivery and retail platform, which has deployed its unmanned delivery services to the roads and markets in cities such as Shanghai, Beijing, Shenzhen and Hefei, with JD Logistics and autonomous delivery vehicle developers White Rhino.

Dada mobilizes unmanned delivery platform in Shanghai for contactless delivery

SHANGHAI, March 30, 2022 /PRNewswire/ -- Dada Group (Nasdaq: DADA), China's leading local on-demand delivery and retail platform, together with Cheerwin Group and Liby Group, announced today a joint donation of anti-epidemic supplies to the Red Cross Society of Yangpu District, Shanghai. 400 boxes of Vewin disinfectants, 80 boxes of Vewin sterilizing sprays and other anti-epidemic supplies were shipped from other provinces to Shanghai.

Dada Group, Cheerwin and Liby join forces to donate anti-COVID supplies

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SHANGHAI, March 16, 2022 /PRNewswire/ -- In the face of new waves of COVID infections, Dada Group (Nasdaq: DADA)'s JDDJ, China's largest local on-demand retail platform, will start booking COVID antigen self-test kits online. Meanwhile, Dada Group has actively responded to government guidance, guaranteeing daily supplies for residents by leveraging the advantages of JDDJ and Dada Now.

Dada Group Provides COVID Self-Test Kits Online, Guaranteeing Supply During New Waves of Pandemic

SHANGHAI, China, March 11, 2022 (GLOBE NEWSWIRE) -- Dada Nexus Limited (“Dada” or the “Company”) (NASDAQ: DADA), China's leading local on-demand delivery and retail platform, today announced that the board of directors of the Company has authorized a share repurchase program whereby Dada is authorized to repurchase its own ordinary shares in the form of American depository shares with an aggregate value of up to US$70 million during the next 12-month period. The Company expects to fund the repurchase out of its existing cash balance. The proposed share repurchase may be effected on the open market at prevailing market prices and/or in negotiated transactions off the market from time to time as market conditions warrant in accordance with applicable requirements of Rule 10b5-1 and/or Rule 10b-18 under the U.S. Securities Exchange Act of 1934, as amended.

Dada Announces up to US$70 Million Share Repurchase Program

When adjusted for a change in its driver payment regime, the food-delivery company is showing torrid top-line growth.

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Dada Nexus Limited (DADA) CEO Philip Kuai on Q4 2021 Results - Earnings Call Transcript

SHANGHAI, China, March 08, 2022 (GLOBE NEWSWIRE) -- Dada Nexus Limited (NASDAQ: DADA, “Dada” or the “Company”), China's leading local on-demand delivery and retail platform, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2021.

Dada Announces Unaudited Fourth Quarter and Fiscal Year 2021 Financial Results

SHANGHAI, March 8, 2022 /PRNewswire/ -- Dada Nexus Limited (Dada Group, NASDAQ: DADA), China's leading local on-demand delivery and retail platform, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2021. Financial highlights: Total net revenue in the fourth quarter and in 2021 were RMB2,032.1 million and RMB6,866.3 million.

Dada's 4Q and fiscal year 2021 updates: Q4 total Revenue Growth maintained strong at 80% YOY

SHANGHAI, China, March 03, 2022 (GLOBE NEWSWIRE) -- Dada Nexus Limited (“Dada” or the “Company”) (NASDAQ: DADA), China's leading local on-demand delivery and retail platform, today announced that it will release its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2021, on Tuesday, March 8, 2022, after the close of U.S. markets.

Dada to Announce Fourth Quarter and Fiscal Year 2021 Unaudited Financial Results on March 8, 2022

SHANGHAI, China, Feb. 25, 2022 (GLOBE NEWSWIRE) -- JD.com, Inc. (“JD.com”) (Nasdaq: JD; HKEx: 9618), a leading supply chain-based technology and service provider, and Dada Nexus Limited (“Dada”) (Nasdaq: Dada), China's leading local on-demand delivery and retail platform, today jointly announced that JD.com's investment in Dada has obtained all the requisite regulatory approvals. It is currently expected that this transaction will close by end of February 2022. Upon the closing of this transaction, Dada will issue to JD.com certain number of ordinary shares of Dada in consideration for US$546 million in cash and certain strategic resources from JD.com. JD.com will hold, taking into account its existing shareholding, approximately 52% of Dada's issued and outstanding shares and expects to consolidate the financial results of Dada into its consolidated financial statements. Mr. Jun Yang will resign from his position as a director of the board of directors of Dada, effective upon closing of the transaction.

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SHANGHAI, Feb. 6, 2022 /PRNewswire/ -- Dada Group (Nasdaq: DADA), China's leading local on-demand delivery and retail platform, today delivered a holiday consumption report for Chinese New Year 2022, which compiles sales data on the JDDJ platform and JD Shop Now from January 7 to February 4. Mobile phones, digital products, beauty products, and home appliances are popular during the holiday.

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