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

Earnings data Q2 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.

SHANGHAI, Jan. 24, 2022 /PRNewswire/ -- Dada Group (Nasdaq: DADA), China's leading local on-demand delivery and retail platform, today released the "Consumption Guidance During Chinese New Year 2022", which compiles sales data on the JDDJ platform and JD Shop Now from January 7 to 23. On-demand consumption is becoming the convenient and trendy choice for Chinese consumers during the Spring Festival.

Dada Group Releases Consumption Trends in 2022 Chinese New Year

SHANGHAI, Jan. 19, 2022 /PRNewswire/ -- Dada Group (Nasdaq: DADA), China's leading local on-demand delivery and retail platform, announced that it hosted the first "Think Tank Sharing -- JD Daojia On-Demand Retail Seminar" in Shanghai on January 14. The event gathered dozens of representatives and experts from global brands and retailers, including PepsiCo, Kimberly-Clark, Carrefour, Unilever, Mars Wrigley, Yili, Yihai Kerry, and Mondelēz, under the same roof where they offered deep insights on the optimization and digitalization of the omni-channel supply as well as the future plan of on-demand retail in 2022.

JD Daojia Seminar: Omni-Channel Supply Optimization is the Focus of On-Demand Retail

SHANGHAI, Jan. 12, 2022 /PRNewswire/ -- Dada Group (Nasdaq: DADA), China's leading local on-demand delivery and retail platform, is pleased to announce that the company was awarded "Charity Star" by Shanghai Municipal Government, which was also the only Internet and online economy enterprise selected this year. At the same time of business development, Dada Group is fully committed to creating a fair and sustainable future for riders, consumers, partners and employees.

Dada Group Awarded as the "Charity Star" by Shanghai

SHANGHAI, Jan. 6, 2022 /PRNewswire/ -- Dada Group (Nasdaq: DADA), China's leading local on-demand delivery and retail platform, today announced its Dada Now and JDDJ platforms, would stay open and continue to offer one-hour on-demand shopping service to consumers across the country during 2022 Chinese New Year. The Shopping Festival hosted by JDDJ and Shop Now to celebrate Chinese New Year, would launch from January 7 and continue to participate in the online New Year Festival held by the Minister of Commerce and Shanghai Municipal Commission of Commerce.

Dada Group Announces "No Close" During 2022 Chinese New Year

SHANGHAI, Dec. 31, 2021 /PRNewswire/ -- Dada Group (Nasdaq: DADA), China's leading local on-demand delivery and retail platform, along with its valued partners, has empowered both online and offline merchants to shift to omnichannel in 2021 as they navigated the challenges posed by new strains of coronavirus. The Company has been spearheading a slew of initiatives which have expedited the digital transformation of brick-and-mortar stores, enhanced its fulfillments capability, unlocked the power of unmanned delivery and strengthened its ESG measures.

Dada Group's Impressive 2021 Year in Review

SHANGHAI, Dec. 29, 2021 /PRNewswire/ -- Kimberly-Clark (China) Co., Ltd., the global leader in the personal care and hygiene industry, and Dada Group (Nasdaq: DADA), China's leading local on-demand delivery and retail platform, announced a plan to strengthen their strategic partnership.

Dada Group and Kimberly-Clark China Strengthen Partnership to Create New Growth of Healthcare Brands in On-demand Retail

SHANGHAI, Dec. 23, 2021 /PRNewswire/ -- Dada Group (Nasdaq: DADA), China's leading local on-demand delivery and retail platform, participated in drafting "Terminology of Retail Digitalization" initiated by  China Chain Store & Franchise Association's (CCFA). This terminology was the first comprehensive standards about digital transformation in the retail industry and officially released on December 7th.

Dada Group Participates in Drafting CCFA's Retail Digitalization Terminology

Dada Nexus went public in June 2020, raising $320 million in a U.S. IPO. The firm provides delivery services for online purchases in China.

Dada Nexus Generates Growth But Operating Losses Remain High

SHANGHAI, Dec. 8, 2021 /PRNewswire/ -- Dada Group (Nasdaq: DADA), China's leading local on-demand delivery and retail platform, is pleased to announce that Dada Now jointly launch a public welfare program called "Waiting for A Book" with Shanghai's local Youth Volunteers Association and Shanghai cultural cafe THE PRESS. This activity donated books to children in mountainous areas, such as Lijiang in Yunnan Province, to pass on love and hope.

Dada Now Launches the Public Welfare Program of "Waiting for A Book" with Partners

The stock price of Dada Nexus Ltd (NASDAQ: DADA) increased by over 13% today. This is why it happened.

Dada Nexus Stock (DADA): Why The Price Surged Today

BEIJING, Nov. 30, 2021 /PRNewswire/ -- Dada Group (Nasdaq: DADA), China's leading local on-demand delivery and retail platform and Jiajiayue Group, a whole-supply-chain and multi-format comprehensive retailer in China, jointly launched the Online and Offline Chile E-commerce Festival, which was announced at the Sixth Chile Week held by Chilean Embassy to China in Beijing. Huijian He, Vice President of Dada Group and General Manager at JDDJ, and Zhiyi Wang, General Manager of International Trade at Jiajiayue Group, were invited to attend the event.

Dada Group and Jiajiayue Group Launch Online and Offline Chile E-commerce Festival

Dada Nexus Limited's (DADA) CEO Philip Kuai on Q3 2021 Results - Earnings Call Transcript

SHANGHAI, Nov. 23, 2021  /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 third quarter ended September 30, 2021. Financial highlights: Total net revenues were RMB1,686.8 million.

Dada's 3Q 2021 updates: Q3 Total Revenue Growth Further Accelerated to 86% YOY

SHANGHAI, China, Nov. 23, 2021 (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 third quarter ended September 30, 2021.

Dada Announces Unaudited Third Quarter 2021 Financial Results

SHANGHAI, Nov. 18, 2021 /PRNewswire/ -- Dada Group (Nasdaq: DADA), the leading on-demand retail and delivery platform in China, was invited to attend 2021 China Fashion Retail and Consumption Development Summit held by China Chain Store & Franchise Association (CCFA) in Shanghai. Jiawei Zhang, General Manager of Fashion Business at JDDJ, delivered a speech entitled "Building On-demand Retail Infrastructure and Seizing Growth Opportunities for Fashion Category", and shared Dada's new measures and industry insights at the event.

Dada Group Discussed Shop Now as Growth Driver for Fashion Categories at CCFA Summit

SHANGHAI, China, Nov. 17, 2021 (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 third quarter ended September 30, 2021, on Tuesday, November 23, 2021, after the close of U.S. markets.

Dada to Announce Third Quarter 2021 Unaudited Financial Results on November 23, 2021

SHANGHAI, Nov. 16, 2021 /PRNewswire/ -- Dada Group (Nasdaq: DADA), China's leading local on-demand delivery and retail platform, Mars Wrigley China and Kantar, jointly released the White Paper on Snack Food Category in O2O Consumption on Monday. Based on the big data on the JDDJ platform and Mars Wrigley China, the White Paper provides in-depth industry insights into the on-demand consumption of snack food, and analyzes the latest trends of the snack category in the O2O (Online to Offline) commerce and its future plan in China.

Dada Group, Mars Wrigley China and Kantar Jointly Release White Paper on Snack Food Category in O2O Consumption

SHANGHAI, Nov. 11, 2021 /PRNewswire/ -- Dada Group (Nasdaq: DADA) ("Dada" or the "Company"), China's leading local on-demand delivery and retail platform, today announced record sales and deliveries during 2021 Singles Day Shopping Festival (the "Festival"). Singles Day, which falls on November 11 of each year, is China's largest national online shopping event.

Dada Group Announces Record Sales and Deliveries During 2021 Singles Day Festival

SHANGHAI, Nov. 8, 2021 /PRNewswire/ -- Dada Group (Nasdaq: DADA), China's leading local on-demand delivery and retail platform, today announced that Dada Now officially rolled out a panorama of its on-demand order fulfillment, covering warehousing, picking and delivery services, as the Double 11 Shopping Festival approaching this week. Based on its digital and intelligent capabilities such as the Dada Haibo system, the Canghai system, and Smart Logistics system, Dada Now upgraded its all-process capabilities to bring the convenient one-hour shopping experience to retail merchants and consumers.

Dada Now Rolls out A Panorama of its On-Demand Warehousing-Picking-Delivery Services

SHANGHAI , Nov. 4, 2021 /PRNewswire/ -- Dada Group (Nasdaq: DADA), China's leading local on-demand delivery and retail platform, announced that Dada Now deepened cooperation with Liansheng Group, a comprehensive private enterprise with innovative O2O business services. As one of the first companies that adopted Dada Smart Delivery SaaS System, Liansheng Group estimated that the number of its own delivery orders will increase by 100% year-on-year with the full support of Dada Smart Delivery SaaS System, during the Double 11 Shopping Festival this year.

Dada Smart Delivery SaaS System Helps Liansheng Group Double Delivery Orders in Double 11 Shopping Festival

BEIJING, Oct. 28, 2021 /PRNewswire/ -- Dada Group (Nasdaq: DADA) ("Dada"), China's leading local on-demand delivery and retail platform, and Nestlé (China) Co., Ltd. (hereinafter referred to as "Nestlé") today announced that they would strengthen cooperation on omni-channel marketing and digitalization.

Dada Group and Nestlé Strengthen Cooperation to Boost Omni-channel Growth

TIANJIN, China, Oct. 27, 2021 /PRNewswire/ -- Dada Group (Nasdaq: DADA), China's leading on-demand retail and delivery platform, and JD.com (Nasdaq: JD and HKEX:9618) today jointly rolled out the "Quality Store" program during the 2021 Haihe International Consumption Summit and Haihe International Consumption Carnival in Tianjin. Dada and JD.com will facilitate stores qualified in "omni-channel, commodity, service and operation" with support for online traffic, order fulfillment, omni-channel marketing and digitalization.

Dada Group and JD.com Roll out Quality Store Program, Digitally Upgrading SMEs with JD's Shop Now Service

SHANGHAI, Oct. 21, 2021 /PRNewswire/ -- Dada Now, the leading on-demand delivery platform of Dada Group (Nasdaq: DADA) was invited to attend 2021 China E-commerce Logistics Conference and China On-demand Logistics Industry Summit hosted by China Federation of Logistics & Purchasing (CFLP) in Shanghai, and shared industry insights at the event. Mr. Mingyang Zhu, Head of Key Account Business at Dada Now, delivered a speech entitled "Practice and Innovation of On-demand Delivery Service in Diversified Scenarios".

Dada Now Introduced On-demand Delivery Solutions for Chain Merchants at 2021 CFLP China E-commerce Logistics Conference

JD.com

BEIJING, Oct. 18, 2021 /PRNewswire/ -- Dada Group (Nasdaq: DADA), China's leading local on-demand delivery and retail platform, and JD.com (Nasdaq: JD and HKEX:9618) jointly launch the "Nearby" (or "Fujin"), a new tab on the homepage of JD.com's app, designed to connect customers to nearby offline stores, such as supermarkets, pharmacies or convenience stores, and deliver a more convenient, affordable and speedy online shopping experience. A few days ago, JD.com and Dada Group officially launched "Shop Now", the JD Xiaoshigou, a jointly built new business dedicated for JD's on-demand consumer retail section, with the model of "order online, delivery from store, within one hour".

Dada Group and JD.com Launch 'Nearby' Tab on JD.com App Homepage

Chinese on-demand delivery and retail platform, Dada Nexus Ltd (NASDAQ: DADA) and JD.Com Inc (NASDAQ: JD) have jointly launched Shop Now, the JD Xiaoshigou, a new business for JD's on-demand consumer retail section. Shop Now will operate on the model of "order online, delivery from store, within one hour" and is expected to accelerate Dada Group's and JD's omnichannel operation in the on-demand retail space.

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