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

Earnings data Q3 2021

Earnings data Q4 2021

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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, Aug. 12, 2021 /PRNewswire/ -- Dada Group (Nasdaq: DADA), China's leading local on-demand delivery and retail platform, today announced that the company officially kicked off its 2022 campus recruitment and launched the Super New Star Program, an upgraded campus recruitment and training program. The program aims to sort out outstanding graduates with the potential for rapid growth and professional advancement all over the world, and step up efforts to cultivate digital-oriented talents.

Dada Group Announces "Super New Star" Program of 2022 Campus Recruitment

SHANGHAI, Aug. 6, 2021 /PRNewswire/ -- Dada Group (Nasdaq: DADA) ("Dada"), China's leading local on-demand delivery and retail platform, is pleased to announce that JDDJ was awarded as 2021 National Demonstration Projects of New Consumption by Ministry of Industry and Information Technology. These selected projects focus on cutting-edge technologies such as 5G and AI, and feature great development prospects, driving and demonstration effects.

Dada Group Awarded by Government for Efforts in Promoting Real Economy

SHANGHAI, July 29, 2021 /PRNewswire/ -- Dada Group (Nasdaq: DADA) ("Dada"), China's leading local on-demand delivery and retail platform, actively strengthened its efforts on aging-friendly and barrier-free updates of JDDJ's application, which is included in Shanghai's official guidance for elderly people. This move is committed to bridging the digital divide for the elderly and the disabled when using Internet, and providing more convenient access to on-demand consumption services.

JDDJ Application's Aging-Friendly Updates Was Included in Official Guidance

SHANGHAI , July 27, 2021 /PRNewswire/ -- Dada Group (Nasdaq: DADA) ("Dada"), China's leading local on-demand delivery and retail platform, today announced that it is set to advance an autonomous delivery operation open system, which has already been adopted by SEVEN FRESH and Yonghui Supermarket to normalize the scalable use of unmanned delivery vehicles for on-demand delivery service. Teaming up with JD Logistics and autonomous delivery vehicle developer White Rhino, Dada Group will jointly establish the autonomous delivery ecosystem in the supermarket scenario.

Dada Ramps Up Expansion of Autonomous Delivery in Partnership with JD

SHANGHAI, July 26, 2021 /PRNewswire/ -- Dada Group (NASDAQ: DADA) ("Dada"), China's leading local on-demand delivery and retail platform, and vivo, a global leading smartphone manufacturer, today announced they have expanded their partnership with a focus on omni-channel and one-hour delivery service of smartphones. JDDJ, the on-demand retail platform of Dada Group, cooperates with vivo authorized stores in terms of product management, digital marketing, targeted user operations, and order fulfilment optimization; and provides omni-channel solutions.

Over 500 Official Authorized Vivo Stores Launch on Dada Group's JDDJ

SHANGHAI, July 22, 2021 /PRNewswire/ -- Dada Group (Nasdaq: DADA) ("Dada"), China's leading local on-demand delivery and retail platform announced that Ito Yokado stores in Chengdu have officially launched on JDDJ, Dada's on-demand retail platform to provide customers in Sichuan with online shopping and one-hour delivery service. JDDJ becomes the first O2O platform that established the partnership with Ito Yokado in China.

JDDJ and Ito Yokado Team Up to Provide High Quality Products and Service in Chengdu

BEIJING , July 16, 2021 /PRNewswire/ -- Dada Group (Nasdaq: DADA) ("Dada"), China's leading local on-demand delivery and retail platform, and Favor Pets, China's leading pet brand, are pleased to announce that they have established the strategic partnership to provide consumers with one-hour delivery service of pet supplies. Over 1,500 Favor Pets' stores will launch on JDDJ, the on-demand retail platform of Dada Group.

Over 1,500 Favor Pets' Stores Will Launch on Dada Group's JDDJ

SHANGHAI, July 13, 2021 /PRNewswire/ -- Dada Group (Nasdaq: DADA) ("Dada"), China's leading local on-demand delivery and retail platform, was invited to attend and share industry insights at the World Artificial Intelligence Conference ("WAIC") held in Shanghai on July 8, 2021. Zhao Qin, Deputy General Manager of Dada Group, delivered a speech titled "New Transcendence of Women in Science and Technology during the Digital Transformation" at the WAIC · AI Women Forum.

Dada Group Discusses Online Economy and Women's Career Development at WAIC

SHANGHAI, July 6, 2021 /PRNewswire/ -- Dada Group (Nasdaq: DADA) ("Dada" or the "Company"), China's leading local on-demand delivery and retail platform, is pleased to announce that its on-demand delivery platform, Dada Now has customized its "Intra City Delivery" under its "Dedicated Delivery Service" specifically for chain merchants, helping them reliably guarantee online order fulfillment across China.  In recent years, China's leading pharmaceutical chain retailer, LBX Pharmacy has continued to expand its business into the lower-tier cities, setting up offline stores in third- and fourth-tier cities and counties across the country.

Dada Now Customized "Intra-City Delivery" for LBX Pharmacy's Omni-channel Orders in Lower-tier Cities

Dada has shown consistent revenue growth at high double digits. The company competes in a fast-growing industry with massive future opportunities.

Dada Nexus: No Sign Of Slowing Down

SHANGHAI, June 24, 2021 /PRNewswire/ -- China's leading local on-demand delivery and retail platform Dada Group ("Dada"; Nasdaq: DADA) is pleased to announce that the company has established partnerships with two of China's leading cosmetics retailers THE COLORIST and WOW COLOUR. Under the agreement, JDDJ, Dada's on-demand retail platform, will deepen cooperation with THE COLORIST and WOW COLOUR in terms of product management, digital marketing, targeted user operations, and order fulfillment optimization; and will provide integrated offline and online retail solutions.

Dada Group Brings THE COLORIST and WOW COLOUR Stores Online

SHANGHAI, June 21, 2021 /PRNewswire/ -- Dada Group (Nasdaq: DADA) ("Dada"), China's leading local on-demand delivery and retail platform, today announced record sales during the 2021 6.18 Shopping Festival (the "Festival"), China's major mid-year online shopping event, held from June 1 to June 20, 2021. Dada's on-demand retail platform, JDDJ, reported that transaction volumes doubled from June 1 to June 18, 2021 compared to the same period last year.

Dada Group 6.18 Record Sales: JDDJ Reported Peak-Day Transaction Volume Over RMB 300 Million

In spite of the increasing marketing costs, the Chinese on-demand retail and delivery platform is showing signs of long-term business sustainability. A deeper form of cooperation (or, maybe, reintegration) with JD.com is looming on the horizon.

Dada Nexus Keeps Growing In Lower-Tier Cities, Deepens Ties With JD In Q1 2021

Lenovo Group Ltd

Chinese local on-demand delivery and retail platform Dada Nexus Ltd (NASDAQ: DADA) and Lenovo Group Ltd's (OTC: LNVGY) automated store Lecoo collaborated to create a new omnichannel growth model for consumer electronics. Presently, Lecoo directly operates 300 stores in China and aims to launch 600 stores in 2022.

Dada, Lenovo Lecoo Collaborate To Drive Omni-Channel Shopping Experience

SHANGHAI, June 18, 2021 /PRNewswire/ -- Dada Group (Nasdaq: DADA) ("Dada"), China's leading local on-demand delivery and retail platform, and Lenovo Lecoo, are pleased to announce that they have deepened strategic cooperation to jointly create a new omni-channel growth model for consumer electronics. Guangsen Mou, General Manager of Consumer Electronics and Home Appliances Business Department at JDDJ, and Ming Zhou, CEO of Lenovo Lecoo, signed a strategic cooperation agreement in Beijing.

Dada Group Deepened Partnership with Lenovo Lecoo to Bring All of 1,000 Lecoo Stores Online

China-based retail platform Dada Nexus Ltd (NASDAQ: DADA) announced its on-demand retail platform, JDDJ (JD Daojia), has signed partnerships with 30 leading supermarket chains. The supermarket chains include MeetAll in Shanxi, Xiangjiang General Store in Hunan, Baijia Supermarket in Gansu, Youhao Supermarket in Xinjiang, and Aijia Supermarket.

Dada Nexus Partners With 30 Supermarket Chains

SHANGHAI, June 16, 2021 /PRNewswire/ -- Dada Group (Nasdaq: DADA) ("Dada"), China's leading local on-demand delivery and retail platform, is pleased to announce that JDDJ (JD Daojia), Dada's on-demand retail platform, has newly established partnerships with around 30 leading supermarket chains, such as MeetAll in Shanxi, Xiangjiang General Store in Hunan, Baijia Supermarket in Gansu, Youhao Supermarket in Xinjiang, and Aijia Supermarket. Up to now, JDDJ has partnered with 75 of the top 100 supermarket chains in China, further strengthening its leading position as China's largest local on-demand retail platform in the supermarket segment.

Dada Group's JDDJ Newly Established Partnerships with 30 Leading Supermarket Chains in China

Dada Nexus Limited Sponsored ADR (DADA) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

Dada Nexus Limited Sponsored ADR (DADA) Moves 14% Higher: Will This Strength Last?

Investors liked the company's latest quarterly results and its new share buyback program.

Why Dada Nexus Soared Today

Dada Nexus Ltd (DADA) CEO Philip Kuai on Q1 2021 Results - Earnings Call Transcript

SHANGHAI, China, June 07, 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 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$150 million during the 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$150 Million Share Repurchase Program

SHANGHAI, China, June 07, 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 first quarter ended March 31, 2021.

Dada Announces Unaudited First Quarter 2021 Financial Results

SHANGHAI, June 3, 2021 /PRNewswire/ -- Dada Group (Nasdaq: DADA) ("Dada"), China's leading local on-demand delivery and retail platform, is pleased to announce that it held a special forum entitled "How to Gain Business Growth in Omni-channel Era" at the 2021 China International Retail Innovation Summit hosted by China Chain Store & Franchise Association (CCFA) on May 25th in Shanghai. Huijian He, Vice President of Dada Group, Jun Jiang, General Manager of JDDJ Business Growth Department, and Yanjie Lian, General Manager of JDDJ Retail Empowerment Department, attended the forum and discussed the retailing omni-channel strategies and its future innovative path with nearly 200 representatives of retailers, brand owners and industry experts.

JDDJ Seminar at CCFA China International Retail Innovation Summit: How to Gain Business Growth in Omni-channel Era

SHANGHAI, June 01, 2021 (GLOBE NEWSWIRE) -- In a release issued under the same headline earlier today by Dada Group (Nasdaq:DADA) please note that in the first paragraph of the release, the quarter ended date should be March 31, 2021, not March 31, 2020 as previously stated. The corrected release follows:

CORRECTING and REPLACING -- Dada to Announce First Quarter 2021 Unaudited Financial Results on June 7, 2021

SHANGHAI, June 01, 2021 (GLOBE NEWSWIRE) -- Dada Group (DADA, “Dada” or the “Company”), a leading platform for local on-demand retail and delivery in China, today announced that it will release its unaudited financial results for the first quarter ended March 31, 2020, on Monday, June 7, 2021, after the close of U.S. markets.

News for Dada Nexus Stock (DADA)