Announcement • Jun 11
Dada Announces Shareholders’ Approval of Merger Agreement, ADSs Expects to Delist from Nasdaq Global Select Market Dada Nexus Limited announced that at an extraordinary general meeting of shareholders (the “EGM”) held on June 10, 2025, the Company’s shareholders voted in favor of the proposal to authorize and approve the previously announced Agreement and Plan of Merger (the “Merger Agreement”), dated April 1, 2025, by and between the Company, JD Sunflower Investment Limited (“Parent”) and JD Sunflower Merger Sub Limited, a wholly owned subsidiary of Parent (“Merger Sub”), pursuant to which, at the effective time of the merger, Merger Sub will merge with and into the Company and cease to exist, with the Company continuing as the surviving company and becoming a wholly owned subsidiary of Parent, the plan of merger required to be filed with the Registrar of Companies of the Cayman Islands (the “Plan of Merger”) and the transactions contemplated thereby, including the merger. Completion of the merger is subject to the satisfaction or waiver of the conditions set in the Merger Agreement. The Company will work with the other parties to the Merger Agreement towards completing the merger in due course. If consummated, the merger will result in the Company becoming a privately held company and its ADSs will no longer be listed or traded on any securities exchange or quotation system, including the NASDAQ Global Select Market, and the Company’s ADS program will be terminated. Announcement • Apr 01
Shares of Dada Nexus to Delist from the Nasdaq Global Select Market Following Merger Deal Dada Nexus Limited announced that it has entered into an Agreement and Plan of Merger (the “Merger Agreement”) with JD Sunflower Investment Limited, a British Virgin Islands company (“Parent”) and JD Sunflower Merger Sub Limited, a Cayman Islands company and a wholly owned subsidiary of Parent (“Merger Sub”). Pursuant to the Merger Agreement, Merger Sub will merge with and into the Company, with the Company continuing as the surviving company and becoming a wholly owned subsidiary of Parent (the “Merger”). Parent is wholly owned by JD.com Inc. (“JD”). If completed, the Merger will result in the Company becoming a privately held company and its ADSs will no longer be listed on the Nasdaq Global Select Market. Announcement • Mar 06
Dada Nexus Limited Reports Impairment Charges for the Fourth Quarter Ended December 31, 2024 Dada Nexus Limited reported impairment charges for the fourth quarter ended December 31, 2024. For the quarter, the company reported impairment loss of intangible assets of RMB 1,058.7 million compared with nil in the same quarter of 2023. Announcement • Dec 30
The Rosen Law Firm, P.A. Announces Proposed Class Action Settlement on Behalf of Purchasers of Dada Nexus Limited American Depositary Shares The Rosen Law Firm, P.A. announced that the United States District Court for the Central District of California has approved the following announcement of a proposed class action settlement that would benefit purchasers of Dada Nexus Limited American Depositary Shares. pursuant to an Order of the United States District Court for the Central District of California, that a hearing will be held on March 17, 2025, at 1:30 p.m. before the Honorable Stephen V. Wilson, United States District Judge of the United States District Court for the Central District of California, First Street Federal Courthouse, 350 W. First Street, Courtroom 10A, Los Angeles, California 90012, or by telephonic or videoconference means as directed by the Court, for the purpose of determining: (1) whether the proposed Settlement of the claims in the above-captioned Action for consideration including the sum of $4,800,000 (“Settlement Amount”) should be approved by the Court as fair, reasonable, and adequate; (2) whether the proposed plan to distribute the Settlement proceeds is fair, reasonable, and adequate; (3) whether the application of Lead Counsel for an award of attorneys’ fees of up to one-third of the Settlement Amount, reimbursement of expenses of not more than $95,000, and an award of no more $15,000 in total, to Plaintiffs, should be approved; and (4) whether this Action should be dismissed with prejudice as set forth in the Stipulation of Settlement, dated October 14, 2024. New Risk • Nov 20
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 3 years. Trailing 12-month net loss: CN¥2.1b Forecast net loss in 3 years: CN¥42m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (13% average weekly change). Minor Risk Currently unprofitable and not forecast to become profitable over next 3 years (CN¥42m net loss in 3 years). Reported Earnings • Nov 17
Third quarter 2024 earnings released: CN¥0.76 loss per share (vs CN¥0.64 loss in 3Q 2023) Third quarter 2024 results: CN¥0.76 loss per share (further deteriorated from CN¥0.64 loss in 3Q 2023). Revenue: CN¥2.43b (down 15% from 3Q 2023). Net loss: CN¥197.3m (loss widened 19% from 3Q 2023). Revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Consumer Retailing industry in Europe. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 60% per year, which means it is significantly lagging earnings. New Risk • Nov 15
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 3 years. Trailing 12-month net loss: CN¥2.1b Forecast net loss in 3 years: CN¥28m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (13% average weekly change). Minor Risk Currently unprofitable and not forecast to become profitable over next 3 years (CN¥28m net loss in 3 years). Announcement • Nov 05
Dada Nexus Limited to Report Q3, 2024 Results on Nov 13, 2024 Dada Nexus Limited announced that they will report Q3, 2024 results After-Market on Nov 13, 2024 Board Change • Sep 24
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Independent Director Baohong Sun is the most experienced director on the board, commencing their role in 2020. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Announcement • Sep 23
Dada Nexus Limited(NasdaqGS:DADA) dropped from FTSE All-World Index (USD) Dada Nexus Limited(NasdaqGS:DADA) dropped from FTSE All-World Index (USD) New Risk • Sep 18
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Announcement • Sep 18
Dada Nexus Limited announced that it has received $23.74532 million in funding from Windcreek Limited Dada Nexus Limited announced that it has entered into into a share purchase agreement with new investor Windcreek Limited to purchase 87,481,280 ordinary shares of the Issuer at a price of $0.25 per share for the gross proceeds of $21, 870,320 and 1,875,000 American Depository Shares representing 7,500,000 ordinary shares of the Issuer at a price of $1.00 per ADS for the gross proceeds of $1,875,000; aggregate gross proceeds of $23,745,320 on September 16, 2024. The closing of the transactions has occurred concurrently with the execution of the SPA. Reported Earnings • Aug 22
Second quarter 2024 earnings released: CN¥1.10 loss per share (vs CN¥0.61 loss in 2Q 2023) Second quarter 2024 results: CN¥1.10 loss per share (further deteriorated from CN¥0.61 loss in 2Q 2023). Revenue: CN¥2.35b (down 16% from 2Q 2023). Net loss: CN¥286.2m (loss widened 80% from 2Q 2023). Revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Consumer Retailing industry in Europe. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 60% per year, which means it is significantly lagging earnings. Announcement • Aug 14
Dada Nexus Limited to Report Q2, 2024 Results on Aug 20, 2024 Dada Nexus Limited announced that they will report Q2, 2024 results After-Market on Aug 20, 2024 New Risk • Jul 15
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 3 years. Trailing 12-month net loss: CN¥1.9b Forecast net loss in 3 years: CN¥431m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (CN¥431m net loss in 3 years). Shareholders have been diluted in the past year (3.2% increase in shares outstanding). Breakeven Date Change • Jul 05
No longer forecast to breakeven The 11 analysts covering Dada Nexus no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of CN¥99.3m in 2025. New consensus forecast suggests the company will make a loss of CN¥37.9m in 2026. Breakeven Date Change • Jul 01
No longer forecast to breakeven The 11 analysts covering Dada Nexus no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of CN¥99.3m in 2025. New consensus forecast suggests the company will make a loss of CN¥38.0m in 2026. Announcement • May 12
Dada Nexus Limited to Report Q1, 2024 Results on May 15, 2024 Dada Nexus Limited announced that they will report Q1, 2024 results After-Market on May 15, 2024 Reported Earnings • Mar 27
Full year 2023 earnings released: CN¥7.52 loss per share (vs CN¥7.91 loss in FY 2022) Full year 2023 results: CN¥7.52 loss per share (improved from CN¥7.91 loss in FY 2022). Revenue: CN¥10.5b (up 12% from FY 2022). Net loss: CN¥1.96b (loss narrowed 2.5% from FY 2022). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Consumer Retailing industry in Europe. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 53% per year, which means it is significantly lagging earnings. Breakeven Date Change • Mar 27
Forecast breakeven date pushed back to 2025 The 8 analysts covering Dada Nexus previously expected the company to break even in 2024. New consensus forecast suggests the company will make a profit of CN¥332.3m in 2025. Average annual earnings growth of 81% is required to achieve expected profit on schedule. Announcement • Mar 26
Dada Nexus Limited (NasdaqGS:DADA) announces an Equity Buyback for $40 million worth of its shares. Dada Nexus Limited (NasdaqGS:DADA) announces a share repurchase program. Under the program, the company will repurchase up to $40 million worth of its American depository shares. The program will be funded out of the company's existing cash balance. The program will be valid through March 2026. Announcement • Mar 22
Dada Nexus Limited to Report Q4, 2023 Results on Mar 25, 2024 Dada Nexus Limited announced that they will report Q4, 2023 results After-Market on Mar 25, 2024 Announcement • Jan 11
Rosen Law Firm Files Securities Class Action Lawsuit on Behalf of Dada Nexus Limited Investors – DADA Rosen Law Firm announced it has filed a class action lawsuit on behalf of purchasers of the securities of Dada Nexus Limited between May 11, 2023 and January 8, 2024, both dates inclusive. The lawsuit seeks to recover damages for Dada investors under the federal securities laws. According to the lawsuit, defendants throughout the Class Period made materially false and/or misleading statements and/or failed to disclose that: (1) Dada revenues from online advertising, marketing services, and operations and support costs were materially overstated; (2) as a result, Dada would need to conduct an independent review to ascertain the financial impact and the scope of suspicious practices that led to overstated revenues and costs; and (3) as a result, defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times. Reported Earnings • Nov 17
Third quarter 2023 earnings released: CN¥0.64 loss per share (vs CN¥1.77 loss in 3Q 2022) Third quarter 2023 results: CN¥0.64 loss per share (improved from CN¥1.77 loss in 3Q 2022). Revenue: CN¥2.87b (up 20% from 3Q 2022). Net loss: CN¥166.0m (loss narrowed 64% from 3Q 2022). Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Consumer Retailing industry in Europe. Announcement • Nov 15
Dada Nexus Limited Provides Revenue Guidance for the Fourth Quarter of 2023 Dada Nexus Limited provided revenue guidance for the fourth quarter of 2023. For the fourth quarter of 2023, the company expects total net revenues to be between RMB 3,000 million and RMB 3,300 million, representing year-over-year growth of 12% to 23%. Announcement • Nov 09
Dada Nexus Limited to Report Q3, 2023 Results on Nov 14, 2023 Dada Nexus Limited announced that they will report Q3, 2023 results at 4:00 PM, US Eastern Standard Time on Nov 14, 2023 Announcement • Aug 17
Dada Nexus Limited Provides Revenue Guidance for the Third Quarter of 2023 For the third quarter of 2023, Dada Nexus Limited announced that the company expects total net revenues to be between RMB 2,800 million and RMB 3,000 million, representing year-over-year growth of 17.6% to 26.0%. This outlook is based on information available as of the date of this release and reflects the Company's current and preliminary expectations, which are subject to change in light of various uncertainties. Reported Earnings • Aug 16
Second quarter 2023 earnings released: CN¥0.61 loss per share (vs CN¥2.39 loss in 2Q 2022) Second quarter 2023 results: CN¥0.61 loss per share (improved from CN¥2.39 loss in 2Q 2022). Revenue: CN¥2.81b (up 23% from 2Q 2022). Net loss: CN¥158.7m (loss narrowed 73% from 2Q 2022). Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Consumer Retailing industry in Europe. Announcement • Aug 10
Dada Nexus Limited to Report Q2, 2023 Results on Aug 15, 2023 Dada Nexus Limited announced that they will report Q2, 2023 results After-Market on Aug 15, 2023 Announcement • Aug 02
Dada Nexus Limited Announces Resignation of Mr. Jun Yang as the Chief Technology Officer Dada Nexus Limited announced resignation of Mr. Jun Yang from his position as the Chief Technology Officer. effective July 31, 2023. Mr. Yang’s resignation from his position as the Chief Technology Officer of the Company was due to personal reasons and was not due to any disagreement with the Company regarding its business, finance, accounting and/or any other affairs. Announcement • May 12
Dada Nexus Limited Provides Earnings Guidance for the Second Quarter of 2023 Dada Nexus Limited provided earnings guidance for the second quarter of 2023. For the period, the company expects total revenue to be between RMB 2,800 million and RMB 3,000 million. Reported Earnings • May 11
First quarter 2023 earnings released: CN¥1.37 loss per share (vs CN¥2.49 loss in 1Q 2022) First quarter 2023 results: CN¥1.37 loss per share (improved from CN¥2.49 loss in 1Q 2022). Revenue: CN¥2.58b (up 27% from 1Q 2022). Net loss: CN¥350.4m (loss narrowed 42% from 1Q 2022). Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Consumer Retailing industry in Europe. Announcement • May 05
Dada Nexus Limited to Report Q1, 2023 Results on May 10, 2023 Dada Nexus Limited announced that they will report Q1, 2023 results After-Market on May 10, 2023 Reported Earnings • Mar 10
Full year 2022 earnings released: CN¥7.91 loss per share (vs CN¥10.40 loss in FY 2021) Full year 2022 results: CN¥7.91 loss per share (improved from CN¥10.40 loss in FY 2021). Revenue: CN¥9.37b (up 36% from FY 2021). Net loss: CN¥2.01b (loss narrowed 19% from FY 2021). Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Online Retail industry in Germany. Breakeven Date Change • Nov 22
Forecast breakeven date pushed back to 2024 The 13 analysts covering Dada Nexus previously expected the company to break even in 2023. New consensus forecast suggests losses will reduce by 89% per year to 2023. The company is expected to make a profit of CN¥958.3m in 2024. Average annual earnings growth of 114% is required to achieve expected profit on schedule. Breakeven Date Change • Nov 19
Forecast breakeven date pushed back to 2024 The 13 analysts covering Dada Nexus previously expected the company to break even in 2023. New consensus forecast suggests losses will reduce by 90% per year to 2023. The company is expected to make a profit of CN¥1.12b in 2024. Average annual earnings growth of 119% is required to achieve expected profit on schedule. Announcement • Nov 18
Dada Nexus Limited Provides Revenue Guidance for the Fourth Quarter of 2022 For the fourth quarter of 2022, Dada Nexus Limited expects total revenue to be between RMB 2,650 million and RMB 2,750 million, representing year-over-year growth of 30% to 35%. Breakeven Date Change • Nov 17
Forecast breakeven date pushed back to 2024 The 13 analysts covering Dada Nexus previously expected the company to break even in 2023. New consensus forecast suggests losses will reduce by 90% per year to 2023. The company is expected to make a profit of CN¥1.18b in 2024. Average annual earnings growth of 114% is required to achieve expected profit on schedule. Board Change • Nov 16
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. Director Christina Zhu is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Nov 12
Dada Nexus Limited to Report Q3, 2022 Results on Nov 17, 2022 Dada Nexus Limited announced that they will report Q3, 2022 results at 4:00 PM, US Eastern Standard Time on Nov 17, 2022 Breakeven Date Change • Aug 30
Forecast breakeven date moved forward to 2023 The 14 analysts covering Dada Nexus previously expected the company to break even in 2024. New consensus forecast suggests losses will reduce by 23% to 2022. The company is expected to make a profit of CN¥6.46m in 2023. Average annual earnings growth of 111% is required to achieve expected profit on schedule. Reported Earnings • Aug 23
Second quarter 2022 earnings released: CN¥2.39 loss per share (vs CN¥2.99 loss in 2Q 2021) Second quarter 2022 results: CN¥2.39 loss per share (up from CN¥2.99 loss in 2Q 2021). Revenue: CN¥2.28b (up 36% from 2Q 2021). Net loss: CN¥578.8m (loss narrowed 19% from 2Q 2021). Over the next year, revenue is forecast to grow 43%, compared to a 36% growth forecast for the Online Retail industry in Germany. Announcement • Aug 18
Dada Nexus Limited to Report Q2, 2022 Results on Aug 22, 2022 Dada Nexus Limited announced that they will report Q2, 2022 results After-Market on Aug 22, 2022 Breakeven Date Change • May 23
Forecast breakeven date pushed back to 2024 The 14 analysts covering Dada Nexus previously expected the company to break even in 2023. New consensus forecast suggests losses will reduce by 84% per year to 2023. The company is expected to make a profit of CN¥1.30b in 2024. Average annual earnings growth of 109% is required to achieve expected profit on schedule. Announcement • May 17
Dada Nexus Limited Provides Earnings Guidance for the Second Quarter of 2022 Dada Nexus Limited provided earnings guidance for the second quarter of 2022. For the period, the company expects total revenue to be between RMB 2,250 million and RMB 2,350 million. Announcement • May 12
Dada Nexus Limited to Report Q1, 2022 Results on May 16, 2022 Dada Nexus Limited announced that they will report Q1, 2022 results After-Market on May 16, 2022 Reported Earnings • May 01
Full year 2021 earnings released: CN¥10.40 loss per share (vs CN¥12.46 loss in FY 2020) Full year 2021 results: CN¥10.40 loss per share. Revenue: CN¥6.87b (up 20% from FY 2020). Net loss: CN¥2.47b (loss widened 19% from FY 2020). Over the next year, revenue is forecast to grow 48%, compared to a 41% growth forecast for the retail industry in Germany. Board Change • Apr 27
Less than half of directors are independent There are 7 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 7 new directors. No experienced directors. 1 highly experienced director. 2 independent directors (6 non-independent directors). CEO, Founder & Chairman Philip Kuai is the most experienced director on the board, commencing their role in 2014. Independent Director Baohong Sun was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Announcement • Mar 10
Dada Nexus Limited Provides Earnings Guidance for the First Quarter of 2022 Dada Nexus Limited provided earnings guidance for the first quarter of 2022. For the quarter, the company expects total revenue to be between RMB 2,000 million and RMB 2,050 million. Aligning the revenue of Dada Now last-mile delivery services to a comparable basis in the first quarters of 2021 and 2022, total revenue of the first quarter of 2022 will realize 72% to 76% year-over-year growth . Reported Earnings • Mar 09
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: CN¥10.40 loss per share (up from CN¥12.46 loss in FY 2020). Revenue: CN¥6.87b (up 20% from FY 2020). Net loss: CN¥2.47b (loss widened 19% from FY 2020). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 47%, compared to a 44% growth forecast for the retail industry in Germany. Announcement • Mar 06
Dada Nexus Limited to Report Q4, 2021 Results on Mar 08, 2022 Dada Nexus Limited announced that they will report Q4, 2021 results After-Market on Mar 08, 2022 Announcement • Feb 16
Dada Nexus Limited Announces Resignation of Kui Zhou as Director Dada Nexus Limited announced that the resignation of Mr. Kui Zhou from his position as a director of the board of directors of Dada Nexus Limited (the Company), effective February 15, 2022. Mr. Zhou’s resignation from his position as a director of the Board of the Company was due to personal reasons and was not due to any disagreement with the Company regarding its business, finance, accounting and/or any other affairs. Reported Earnings • Nov 24
Third quarter 2021 earnings: EPS in line with analyst expectations despite revenue beat Third quarter 2021 results: CN¥2.30 loss per share (down from CN¥1.93 loss in 3Q 2020). Revenue: CN¥1.69b (up 30% from 3Q 2020). Net loss: CN¥542.7m (loss widened 25% from 3Q 2020). Revenue exceeded analyst estimates by 4.3%. Over the next year, revenue is forecast to grow 35%, compared to a 54% growth forecast for the industry in Germany. Announcement • Nov 24
Dada Nexus Limited Provides Revenue Guidance for the Fourth Quarter of 2021 Dada Nexus Limited provided revenue guidance for the fourth quarter of 2021. For the fourth quarter, the company expects total revenue to be between RMB 2.0 billion and RMB 2.1 billion. Aligning the revenue of Dada Now last-mile delivery services to a comparable basis in the fourth quarters of 2020 and 2021, total revenue of the fourth quarter of 2021 will realize 88% to 97% year-over-year growth. Breakeven Date Change • Sep 23
Forecast to breakeven in 2023 The 13 analysts covering Dada Nexus expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of CN¥662.8m in 2023. Average annual earnings growth of 83% is required to achieve expected profit on schedule. Announcement • Sep 19
Dada Group Launches Smart Delivery SaaS System to Accelerate Delivery Digitalization Dada Group announced the launch of its open digital logistics platform, Dada Smart Delivery SaaS System. Based on Dada Now's self-developed Smart Logistics System and Big Data Platform, it provides integrated delivery solutions, including operation platform, merchant application, rider application, to empower retail chain brands and delivery service providers to improve their delivery and management efficiency. More than 100 merchants, that operate proprietary delivery teams or need delivery services, have adopted this system to match their omni-channel orders, manage delivery capacity and dispatch orders. Dada's Smart Delivery SaaS System aims to empower delivery service providers, enhance rider stickiness, and accelerate the industry's digitalization. Leveraging the crowdsourcing model, it provides integrated delivery solutions including digitalized rider management, smart order recommendation and dispatching for retailers and service providers. To date, the system has established partnerships with multiple chain brands and delivery service providers, including JD Liquor World, Seven Fresh Supermarket, and Liansheng Group. After years of development, the scale of users in China's on-demand delivery market continues to grow and shows little sign of slowing as more as more consumers enjoy the convenience of home-delivery services. Announcement • Sep 10
Dada Nexus Limited Provides Revenue Guidance for the Third Quarter of 2021 Dada Nexus Limited provided revenue guidance for the third quarter of 2021. For the third quarter of 2021, the company expects total revenue to be between RMB 1.63 billion and RMB 1.68 billion. Reported Earnings • Sep 08
Second quarter 2021 earnings released: CN¥2.69 loss per share (vs CN¥5.04 loss in 2Q 2020) The company reported a solid second quarter result with improved revenues and control over costs, although losses increased. Second quarter 2021 results: Revenue: CN¥1.47b (up 12% from 2Q 2020). Net loss: CN¥640.4m (loss widened 3.8% from 2Q 2020). Announcement • Jul 29
Dada Ramps Up Expansion of Autonomous Delivery in Partnership with JD Dada Group 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 Now, Dada's on-demand delivery platform, has leveraged its proprietary software and technologies for on-demand delivery and massive online shopping scenarios to develop the autonomous delivery operation system for unmanned delivery vehicles in supermarkets. The system has realized automatic order distribution for supermarket stores, and can manage package loading, terminal connection, and abnormal order operation through its human interaction system in order to assist the unmanned vehicles in efficiently fulfilling the online orders. Dada Now's autonomous delivery operation open system has already been applied by SEVEN FRESH and Yonghui's unmanned vehicles to cover a dozen neighbourhoods, fulfilling nearly 5,000 orders with driving mileage over 10,000 kilometres. Announcement • Jul 07
Dada Now Customized "Intra-City Delivery" for LBX Pharmacy's Omni-channel Orders in Lower-tier Cities Dada Group announced 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. These stores that have provided online to offline service in third- and fourth-tier cities, have longer delivery distance, which requires last-mile delivery service to speed up and shortens average delivery time from one hour to less than 30 minutes. Dada Now offers long-distance intra-city delivery services for LBX Pharmacy's nearly 1,000 stores across the country. According to Dada Now, all LBX Pharmacy's orders placed around 3 km were delivered to consumers within 30 minutes in this May. Among them, the intra-city delivery orders in third- and fourth-tier cities increased by nearly 16 times compared to the same period last year, and long-distance delivery orders that delivered over 5 km to consumers increased by 6 times year-on-year. Reported Earnings • Jun 08
First quarter 2021 earnings released: CN¥2.99 loss per share (vs CN¥5.37 loss in 1Q 2020) The company reported a solid first quarter result with improved revenues and control over costs, although losses increased. First quarter 2021 results: Revenue: CN¥1.67b (up 52% from 1Q 2020). Net loss: CN¥710.3m (loss widened 43% from 1Q 2020). Announcement • May 19
Dada's JDDJ Launches Organic Life Alliance with Brands and Delivers Organic Products Within One Hour Dada Group ("Dada") announced 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. SATINE covers the relationship between man and nature, and between humans and self, sustainable development values, living harmony with the environment, and the feeling of life pulse. It pursues family happiness and the artistic life experience. Bearing in mind the aspiration of producing organic products, SATINE provide consumers with high-quality products and services, and contributes a more sustainable life for the cities and humanity.
JDDJ leverages its advantages of customer, products, and scenario to meet consumers' diversified needs for organic and health products. The platform will expand the categories of organic products and partners with more retailers, in order to create diverse consumption scenarios featuring one-hour delivery of organic products, and contribute to a sustainable future. Announcement • May 14
Dada Group Announces over 600 Segway-Ninebot Stores Launch on Dada Group's Jddj Dada Group announced that they have established the strategic partnership to create a new business model of on-demand retail for technology brand. Guangsen Mou, General Manager of Fashion and Digital Electronics Business Department at JDDJ, and Hongwei Li, General Manager of China Business at Segway-Ninebot, signed a strategic cooperation agreement in Beijing. Segway-Ninebot is a technology company that leads the R&D and transformation of intelligent short-distance transportation and service robots. Its innovative products include two-wheeled self-balancing personal transporters, kickscooters, electric mopeds, robots, and all-terrain vehicles. The strategic cooperation between JDDJ, Dada's on-demand retail platform, and Segway-Ninebot not only brings diversity and high-quality products to the ecosystem of JDDJ, but also provides more convenient one-hour delivery shopping experience for Segway-Ninebot users in China market. As China's leading local on-demand retail platform, JDDJ will cooperate deeply with Ninebot in terms of product management, digital marketing, targeted user operations, and order fulfilment optimization. Moreover, Segway-Ninebot's offline stores which have been integrated into JDDJ, will also launch on JD.com. The three companies will work together to build an omni-channel ecosystem for technology products. Since September 2020, more than 600 Segway-Ninebot's offline stores have launched on JDDJ across China, with monthly sales steadily increasing. Reported Earnings • Apr 04
Full year 2020 earnings released: CN¥12.46 loss per share (vs CN¥27.19 loss in FY 2019) The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2020 results: Revenue: CN¥5.74b (up 85% from FY 2019). Net loss: CN¥2.08b (loss narrowed 16% from FY 2019). Announcement • Mar 24
Dada Nexus Limited announced that it expects to receive $800 million in funding from JD.com, Inc. Dada Nexus Limited (NasdaqGS:DADA) announced that it has entered into share purchase agreement with returning investor JD.com, Inc. (NasdaqGS:JD) through its subsidiary for a private placement of common shares for gross proceeds of $800 million on March 22, 2021. Post the closing, the investor will hold approximately 51% stake in the company. 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. The shares to be issued in the transaction will hold a period of six months after the closing. Reported Earnings • Mar 11
Full year 2020 earnings released: CN¥12.46 loss per share (vs CN¥27.19 loss in FY 2019) The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2020 results: Revenue: CN¥5.74b (up 85% from FY 2019). Net loss: CN¥2.08b (loss narrowed 16% from FY 2019). Analyst Estimate Surprise Post Earnings • Mar 11
Revenue misses expectations Revenue missed analyst estimates by 0.08%. Over the next year, revenue is forecast to grow 35%, compared to a 57% growth forecast for the Online Retail industry in Germany. Announcement • Mar 04
Dada Nexus Limited to Report Q4, 2020 Results on Mar 08, 2021 Dada Nexus Limited announced that they will report Q4, 2020 results After-Market on Mar 08, 2021 Announcement • Feb 23
Dada Group's JDDJ Offers 14 Million Degradable Plastic Bags Together with Supermarket Chains Dada Group announced that JD Daojia (JDDJ), Dada's on-demand retail platform, is taking new measures to reduce the use of plastics and help the environment. JDDJ is the largest local on-demand retail platform in the supermarket segment by GMV in the first nine months of 2020, according to an iResearch Report, and it has established partnership with more than 70 of the top 100 supermarket chains in China, including Walmart, Yonghui, CR Vanguard and regional dominant players. JDDJ's service covers more than 1,200 cities and counties in China. To date, JDDJ has collaborated with dozens of leading supermarket chains including Walmart, Yonghui, CR Vanguard, BBG Supermarket, Lotus, Zhongbai Supermarket, and Hualian Supermarket to offer degradable plastic bags in the majority of first- and second-tier cities. When consumers place orders on the JDDJ platform, these supermarkets will use degradable plastic bags for packaging and delivery. In December 2020, more than 14 million bags have been offered through the partnership. While being committed to bringing people everything on demand, JDDJ plays a key role in supporting "plastic reduction" with retailers on the platform and promoting environmental friendly concepts with consumers. In the near future, JDDJ will offer degradable plastic bags in all cities covered by its business. Meanwhile, JDDJ continues to be compliant with the relevant regulations and requirements of the state and local governments, fulfil the social responsibility of platform, and fully support plastic restriction with its businesses. Besides, JDDJ guides consumers to use degradable plastic bags for packaging in order to protect the environment.