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 Q4 2020

Earnings data Q1 2021

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Earnings data Q1 2022

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Earnings data Q4 2022

Earnings data Q1 2023

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Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 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

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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.

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Why Baidu, Bilibili, and Other Chinese Stocks Roared Higher This Morning

SHANGHAI , Oct. 14, 2022 /PRNewswire/ -- As seen during China's recent National Day Holiday, more consumers are embracing on-demand retail to place orders online both while staying at home, and while traveling. This year, the Double Ninth Festival (September 9 on the lunar calendar, celebrated as Seniors' Day in China) coincided with the National Day Holiday, driving sales growth in liquors and egg gift boxes, among other items.

JDDJ and Shop Now saw spending surge during Chinese National Day Holiday

SHANGHAI , Oct. 10, 2022 /PRNewswire/ -- Dada Group (NASDAQ: DADA)'s Dada Now is a leading local on-demand delivery platform in China, which has created massive job opportunities in recent years through its flexible employment model, playing an important role in stabilizing employment and fostering economic development. Based on research and survey conducted around the platform's riders and pickers, Dada Now released the "2022 Dada Now Flexible Employment Report" elaborating on these achievements.

Dada Now Created Job Opportunities for 3 Million Riders and 40,000 Pickers in Past Year

Bing FU, General Manager of Dada Now shared insights on on-demand delivery at the Intra-City Logistics Summit 2022, held by the China Federation of Logistics & Purchasing (CFLP). Since its launch in July 2021, Dada Now's open platform for autonomous delivery has supported deliveries of over 50,000 supermarket orders.

Dada Now's open platform for autonomous delivery honored at logistics summit

SHANGHAI , Sept. 15, 2022 /PRNewswire/ -- JD's first Shopping Festival of Agricultural Specialties kicked off on September 7.

JDDJ Teams Up with 150,000 Stores to Boost Sales of Agricultural Specialties

New benefits of Shop Now are added to JD.com's paid membership program JD PLUS. JD PLUS members can now receive coupons to use with payments for orders on Shop Now, and for utility bills as well.

JD PLUS now includes Shop Now benefits

Coupons worth 100 million yuan are ready for grabs on Dada Group's JDDJ during Shanghai's Double Five Shopping Festival, in an effort to boost consumption. Batches of digital vouchers are also being issued by the city to stimulate spending during the ongoing festival, with JDDJ designated as an official partner platform for using the vouchers.

Dada Group doles out 100m yuan in coupons to support consumption amid Shanghai Shopping Festival

Parents and students are shopping on JDDJ and Shop Now to prepare kids or themselves for school. Sales of back-to-school essentials are surging – consumer electronics, dormitory furnishings, office supplies and sports apparel record multifold increase.

Back-to-school shopping goes trendy with JDDJ: sales of consumer electronics, school necessities and cosmetics surge

SHANGHAI , Sept. 5, 2022 /PRNewswire/ -- Dada Group (NASDAQ: DADA)'s Dada Now is a leading local on-demand delivery platform in China, providing indispensable delivery infrastructure to local retail in the new era.

Dada Now on WAIC: AI brings better efficiency and customer experience for on-demand delivery

Dada released its Q2 2022 results and reported 2.28 billion in revenue, up 55% YoY and the GMV of JDDJ surged 69% to CNY 54.6 billion. China's raw & fresh market is forecasted to exceed CNY 6.8 trillion, help Dada become a wave-rider.

Dada Nexus: Path To Profitability Speeds Up

Dada Nexus Limited (NASDAQ:DADA ) Q2 2022 Earnings Conference Call August 22, 2022 9:30 PM ET Company Participants Caroline Dong - Head of Investor Relations Philip Kuai - Chairman & Chief Executive Officer Beck Chen - Chief Financial Officer Jeff Huijian - President Conference Call Participants Ronald Keung - Goldman Sachs Thomas Chong - Jefferies Eddie Leung - Bank of America Merrill Lynch Alicia Yap - Citigroup Andre Chang - JPMorgan Wei Xiong - UBS Operator Good morning, ladies and gentlemen and thank you for standing by for Dada's Second Quarter 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode.

Dada Nexus Limited (DADA) CEO Philip Kuai on Q2 2022 Results - Earnings Call Transcript

SHANGHAI, China, Aug. 22, 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 second quarter ended June 30, 2022.

Dada Announces Unaudited Second Quarter 2022 Financial Results

SHANGHAI, China, Aug. 22, 2022 (GLOBE NEWSWIRE) -- Dada Nexus Limited (NASDAQ: DADA, “Dada” or the “Company”), China's leading local on-demand delivery and retail platform, today announced that its board of directors (the “Board”) has confirmed the resignation of Mr. Philip Kuai as chairman of the Board and chief executive officer, effective August 31, 2022. In addition, the Board has named Mr. Huijian He as president to be responsible for daily operation management and report to the Board, effective immediately following Mr. Kuai's retirement, and has appointed Mr. He as a director of the Company. Furthermore, Mr. Lijun Xin was appointed as a director of the Company and to succeed Mr. Philip Kuai as chairman of the Board.

Dada Announces Change to Certain Executive and Board Composition

SHANGHAI, China, Aug. 17, 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 second quarter ended June 30, 2022, on Monday, August 22, 2022, after the close of U.S. markets.

Dada to Announce Second Quarter 2022 Unaudited Financial Results on August 22, 2022

Sales of flowers and makeup kits up 60% and 113% week-on-week, respectively. On-demand retail can be a "life saver" for those who are too busy, or just less prepared choosing a gift.

Gift sales soar on JDDJ as the Qixi Festival arrives

About 50 supermarkets out of the top 100 are connected to Dada Group's Haibo system. China's brick-and-mortar retailers' online sales up 40% yoy in 2021, reflecting huge opportunities in online channels.

Over 80 out of top 100 supermarkets in China 2021 are accessible on JDDJ and Shop Now

Paper provides an overview of on-demand retail's open platform model for the first time. A comprehensive practice guide with development path and successful cases, for retailers and brands who desire to grow in the China market.

White Paper Released at CCFA Summit: How Business Thrives in On-Demand Retail

SHANGHAI , July 19, 2022 /PRNewswire/ -- Dada Group (Nasdaq: DADA), China's leading local on-demand retail and delivery platform, released consumption data that reveals shopping trends in the middle of the hot summer. The heat waves are driving strong growth in sales of ice cream and popsicles, which respectively increased by 189% and 109% month-over-month, and the sales of sparkling wine, soft drink, fruit and other iced products are surging as well on JDDJ and JD.com's Shop Now.

Beat the Heat: Ice Cream Sales Surge on JDDJ and JD.com's Shop Now

SHANGHAI, China, June 30, 2022 (GLOBE NEWSWIRE) -- Dada Nexus Limited (“Dada” or the “Company”) (NASDAQ: DADA), China's leading local on-demand delivery and retail platform, today released its first ESG report. The report details the Company's key initiatives and development in areas pertaining to environmental, social and corporate governance issues.

Dada Publishes Its First ESG Report

SHANGHAI , June 22, 2022 /PRNewswire/ -- Dada Group (NASDAQ: DADA), China's leading local on-demand delivery and retail platform, celebrated its 8th anniversary on June 16 by launching a brand video decoding the company's technology know-how developed along the years. Bearing the mission of empowering brick-and-mortar retailers, Dada Group, with its open platforms and technology capabilities, has been constantly working with its retailer partners, utilizing its digital products and solutions from retail to logistics, to expand coverage of product categories and improve delivery efficiency.

Happiness comes from technology: decoding Dada Group's innovation path in retail empowerment

SHANGHAI , June 21, 2022 /PRNewswire/ -- Dada Group (Nasdaq: DADA), China's leading local on-demand delivery and retail platform, today announced its business highlights during the 618 Grand Promotion – a major mid-year online shopping festival in China, reporting its single-day transaction volume achieved a record high of over RMB600 million on June 18. Customer reach up fivefold Data on JDDJ and Shop Now from May 31, 8p.m.

Dada Group's 618 Grand Promotion: over RMB600 million recorded in peak-day sales

On-demand consumption of soup ingredients up 187% yoy while gift boxes of tea leaves grew 369% year-on-year in Guangzhou. Hotpot ingredients sales saw surge of 86% yoy in Changsha.

JDDJ and JD.com's Shop Now launch 618 Grand Promotion on-demand consumption guide, revealing fun trends

Fulfillment essential to retailers' growth. Dada's on-demand fulfillment service system integrating 'warehousing-picking-delivery' capabilities exemplary in upgrading retailers' on-demand fulfillment performance.

Dada Group Releases White Paper Discussing Fulfillment for On-Demand Retail

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.

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