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.

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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, June 1, 2021 /PRNewswire/ -- Dada Group (Nasdaq: DADA) ("Dada"), China's leading local on-demand delivery and retail platform, today announced that JDDJ, Dada's on-demand retail platform, has officially launched 6.18 Mid-Year Shopping Festival. Leveraging JDDJ's capacities for online and offline integration and Dada Now's on-demand delivery network, the on-demand shopping experience of "online ordering and home delivery within one hour" would become a new driving force for this year's festival.

JDDJ Kicks off 6.18: "One-Hour Delivery" Accelerates Mid-Year Shopping Festival

SHANGHAI, May 26, 2021 /PRNewswire/ -- Dada Group (Nasdaq: DADA) ("Dada"), China's leading local on-demand delivery and retail platform, is pleased to announce that it will be included in the MSCI ACWI Index, effective after the U.S. market close on May 27, 2021. MSCI Inc., a leading provider of research-based indexes and analytics, announced this inclusion in its May 2021 Semi-Annual Index Review.

Dada Group Announces Inclusion in MSCI ACWI Index

SHANGHAI, May 18, 2021 /PRNewswire/ -- Dada Group (Nasdaq: DADA) ("Dada"), China's leading local on-demand delivery and retail platform, is pleased to announce that its on-demand retail platform, JDDJ (JD Daojia) has partnered with Yili SATINE and Jinlingguan, Haday, CR NG FUNG, as well as Shanghai E-Commerce Chamber of Commerce to launch the Organic Life Alliance and issue the Organic Life Convention on May 11. The participants jointly advocate an organic lifestyle of getting back to nature and caring for the family, and build the one-hour delivery ecosystem for organic products.

Dada's JDDJ Launches Organic Life Alliance with Brands and Delivers Organic Products Within One Hour

SHANGHAI, May 11, 2021 /PRNewswire/ -- Dada Group (Nasdaq: DADA) ("Dada"), China's leading local on-demand delivery and retail platform, and Tyson Foods, a world-leading meat brand and a Fortune 500 company, are pleased to announce that they have established the strategic partnership, leading the trend of fresh meat category in the field of on-demand retail in China. Jun Xue, Sales General Manager of Tyson China, and Wenqi Yang, Head of Brand Business at JDDJ, signed a strategic cooperation agreement in Shanghai.

Dada Group Became Tyson Foods' First Strategic Partner of On-Demand Retail Platform in China

SHANGHAI, May 7, 2021 /PRNewswire/ -- Dada Group (Nasdaq: DADA) ("Dada"), China's leading local on-demand delivery and retail platform, and Vinda, a leading hygiene company in Asia, are pleased to announce that they have successfully launched the Super Brand Day marketing event on JDDJ, Dada's on-demand retail platform. Themed of "Vinda's Space Tour in China", this online and offline event covered more than 200 cities nationwide, and released the movie about Mars exploration, firstly introducing China Aerospace Creation intellectual property into the O2O marketing.

JDDJ and Vinda jointly launched Super Brand Day in more than 200 cities in China

SHANGHAI, April 26, 2021 /PRNewswire/ -- Dada Group (Nasdaq: DADA) ("Dada"), China's leading local on-demand delivery and retail platform, is pleased to announce that it has launched various promotional activities during this year's Shanghai Double Five Shopping Festival. Dada Group collaborated with many well-known retailers and brand owners to provide the "one-hour delivery" service for more seasonal and fashion products and promote online shopping by offering online vouchers worth 150 million yuan for consumers on the platform.

Dada Group Joined Shanghai's 2021 Double Five Shopping Festival

SHANGHAI, April 25, 2021 /PRNewswire/ -- Dada Group (Nasdaq: DADA) ("Dada"), China's leading local on-demand delivery and retail platform, and Miss Fresh, China's digital community retail platform, announced that they have built collaboration to offer more consumers with the convenient one-hour shopping service. Since April, Miss Fresh's stores and warehouses have officially launched on JDDJ, Dada's on-demand retail platform and also launched on JD.com through the "Omni-Channel Fulfillment Program".

Dada Group's JDDJ, JD and Miss Fresh Collaborate to Deliver More Fresh Products for Consumers Within One Hour

SHANGHAI, April 22, 2021 /PRNewswire/ -- Dada Group (Nasdaq: DADA) ("Dada"), China's leading local on-demand delivery and retail platform, is pleased to announce that Dada Now, its on-demand delivery platform, has established cooperative partnership with WeChat Search to further extend the potential users in WeChat ecosystem. WeChat has a broader user base in China with over 500 million monthly active users.

Dada Group's Dada Now Attracted New Users By 30% Through Expanding Partnership with WeChat Search

SHANGHAI, April 19, 2021 /PRNewswire/ -- Dada Group (Nasdaq: DADA) ("Dada"), China's leading local on-demand delivery and retail platform, today announced that JD Daojia (JDDJ), its on-demand retail platform, has achieved record sales during its 6th 4.15 Anniversary Shopping Festival ("Festival"). Festival's sales on the platform were 2.3 times than last year's festival and sales in many categories such as mobile phones, electronic products, maternity and children's products, personal care, outdoor sports, and office supplies have more than doubled.

Dada Group's JDDJ Achieved Doubling Sales During 4.15 Anniversary Shopping Festival

SHANGHAI, April 15, 2021 /PRNewswire/ -- Dada Group (Nasdaq: DADA) ("Dada"), China's leading local on-demand delivery and retail platform, today announced that its JDDJ platform is accelerating the application updates for elderly people by launching the "elderly version". The new version provided large fonts, minimal options and other functions, so that elderly users can quickly find the product information they need and order medicines and fresh foods conveniently, especially for on-demand needs such as buying medicines at night.

Dada Group's JDDJ Accelerated the Aging-Friendly Updates For Elderly Consumers

SHANGHAI, April 14, 2021 /PRNewswire/ -- JD Daojia ("JDDJ"), China's leading local on-demand retail platform of the Dada Group (Nasdaq: DADA; "Dada"), recently hosted the second annual Merchant Brand Ceremony in collaboration with the China Chain Store and Franchise Association (CCFA). Celebrating the 6th anniversary of JDDJ, the event focused on digital innovation in the retail sector with the company selecting the top Retail Digital Innovation Cases of 2020 and discussing some of the growing trends in China's retail industry.

Dada Group's JDDJ Celebrates 6th Anniversary with Event Highlighting 'Top Retail Digital Innovation Cases of 2020'

SHANGHAI, April 14, 2021 /PRNewswire/ -- Dada Group (Nasdaq: DADA) ("Dada"), China's leading local on-demand delivery and retail platform, and China Resources Vanguard ("CR Vanguard"), one of China's largest supermarket chain enterprise groups, announced that they have expanded their partnership with a focus on digitalization and user operation. Over 1,800 CR Vanguard stores including hypermarkets, supermarkets, convenience stores and boutique supermarkets, have been integrated into JDDJ, the on-demand retail platform of Dada.

Dada Group Brings Supermarkets New Growth by Focusing on Consumers' Need: A Case Study of CR Vanguard

SHANGHAI, April 12, 2021 /PRNewswire/ -- Dada Group (Nasdaq: DADA) ("Dada"), China's leading local on-demand delivery and retail platform, is pleased to announce that JDDJ, the on-demand retail platform of Dada, has created many exclusive marketing events, such as Merchant Category Day, Super Brand Day, Super Fan Day, Coupling Day, and New Product Festival to help brand partners enhance their brand influence and omni-channel strategy. Leveraging the advantages of O2O platform and one-hour delivery service, JDDJ has become the key marketing position for brands integrating product efficiency, targeted users, and efficient tools.

Dada Group's JDDJ Innovates Marketing Activities to Create a True Omni-Channel Customer Experience for Brand Partners

Walmart

Walmart Inc (NYSE: WMT) China and Chinese on-demand delivery and retail platform Dada Nexus Ltd (NASDAQ: DADA) extended their omnichannel consumer digitalization-focused partnership by the rolling out of the VIP program for Walmart stores customers on Dada Group's on-demand retail platform JD Daojia platform. Walmart China and Dada Group rolled out the VIP service in July 2019.

Walmart China, Dada Group's JDDJ Extend Omni-Channel Customer Digitalization Partnership

SHANGHAI, April 12, 2021 /PRNewswire/ -- Walmart China and Dada Group (Nasdaq: DADA) ("Dada"), China's leading local on-demand delivery and retail platform, today announced that they have expanded their collaboration with a focus on omni-channel consumer digitalization. Specifically, they have jointly launched the exclusive VIP program for customers of Walmart stores on JD Daojia ("JDDJ"), the on-demand retail platform of Dada Group.

Walmart China and Dada Group's JDDJ Expand Collaboration on Omni-Channel Customer Digitalization

SHANGHAI, April 8, 2021 /PRNewswire/ -- Dada Group (Nasdaq: DADA) ("Dada"), China's leading local on-demand delivery and retail platform, is pleased to announce that JD Daojia ("JDDJ"), the on-demand retail platform of Dada, has expanded its partnership with authorized phone resellers and accelerated their digitalization process to deliver products within one hour. As of March 2021, 670 authorized phone reseller stores have launched their services on JDDJ, covering hundreds of cities and counties in China, and had the access to JD's online channels through the Omni-channel Fulfillment Program.

Dada group installs digital growth engines for electronics stores and expands on-demand retail to all categories

SHANGHAI, April 6, 2021 /PRNewswire/ -- Dada Group (Nasdaq: DADA) ("Dada"), China's leading local on-demand delivery and retail platform, is pleased to announce that Dada Haibo omni-channel online retail operating system integrates marketing, products, users, account reconciliation and order fulfillment in a systematic, digitalized, and standardized platform, which has significantly improved operating efficacies and reduced cost for a lot of leading retailers in China. As of the end of February, Dada Haibo omni-channel system has been adopted by over 2,200 large- and medium-sized supermarket chain stores in China.

Supermarket Evolution: Dada Haibo System Empowers Retail Partners to Speed Up Digitalization and Boost Sales

SHANGHAI, China, April 01, 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 filed its annual report on Form 20-F for the fiscal year ended December 31, 2020 with the U.S. Securities and Exchange Commission (“SEC”) on March 31, 2021. 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 2020

SHANGHAI, March 29, 2021 /PRNewswire/ -- Dada Group (Nasdaq: DADA) ("Dada"), China's leading local on-demand delivery and retail platform, today announces that JDDJ ("JD Daojia"), the on-demand retail platform of Dada, holds its second "Retail and Brand Partners Awards Ceremony" online and jointly recommends the "2020 Retail Digitalization Innovation Cases" together with China Chain Store Association (CCFA), to celebrate JDDJ's 6th anniversary. JDDJ's second "Retail and Brand Partners Awards Ceremony" recognized 45 leading retail and brand partners for their tremendous contributions to improve service and win the recognition of customers on the platform.

Dada Group's JDDJ Celebrates Sixth Anniversary with Key Retail and Brand Partners Awards Ceremony Held Online

SHANGHAI, March 24, 2021 /PRNewswire/ -- Dada Group (Nasdaq: DADA) ("Dada"), China's leading local on-demand delivery and retail platform, is pleased to announce that Dada Now, the on-demand delivery platform of Dada, has launched the caring measures across China to enhance convenience and safety for its delivery riders during the Chinese New Year. The measures include establishing warm supplies distribution and "Rider Stations" with retail partners at their stores in China.

Dada Group's Dada Now Launches Caring Measures and Rider Stations with Walmart and Retail Partners During Chinese New Year

JD.com

The deal will give the acquirer a 51% stake in its target.

JD.com to Invest $800 Million in Chinese Delivery Specialist Dada Nexus

China's e-commerce company JD. Com Inc (NASDAQ: JD) has raised its stake by acquiring $800 million worth of shares of on-demand delivery and retail platform Dada Nexus Ltd (NASDAQ: DADA) valued at Dada's March 19, 2021 closing price of $29.30.

Dada Nexus Shares Surge On $800M Investment From JD.com

The stock price of Dada Nexus Ltd (NASDAQ: DADA) has increased by over 15% pre-market. This is why it happened.

DADA Stock Price Increases Over 15% Pre-Market: Why It Happened

SHANGHAI, China, March 22, 2021 (GLOBE NEWSWIRE) -- JD.com, Inc. (NASDAQ: JD, "JD.com" or “JD”) , China's leading technology driven e-commerce company, and Dada Group (NASDAQ: DADA, “Dada”), China's leading local on-demand delivery and retail platform, today jointly announced that JD.com, through its subsidiary, entered into a share purchase agreement with Dada, under which JD.com has agreed to invest a total of US$800 million in newly issued ordinary shares of Dada, at a per share price that equals to the closing trading price of Dada's ordinary shares on the Nasdaq Global Select Market on March 19, 2021, the last trading day prior to the date of the share purchase agreement. Following the transaction, JD.com will hold, taking into account its existing holding, approximately 51% of Dada's issued and outstanding shares. The closing of the transaction is subject to satisfaction of customary closing conditions and procedures, including applicable governmental filings, and there can be no assurance that clearance from applicable governmental authorities will be granted. JD.com has agreed not to sell, transfer or dispose of any shares acquired in the transaction for six months after the closing.

JD and Dada Announce Equity Investment

SHANGHAI, March 18, 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 the Company as a representative enterprise of the retail industry, was involved in the formulation and drafting of China Chain Store & Franchise Association's (CCFA) key standards for omni-channel retailing chain enterprises. On March 1, CCFA officially released and implemented the "Key Performance Indicators of Omni-channel Retailing Chain Enterprises" (Indicators).

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