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. Aligning the revenue of Dada Now last-mile delivery
services to a comparable basis, revenue growth would have been
86.4% year over year, an acceleration compared with 81% revenue
growth in the second quarter.
- Significant improvement in operating efficiency: Aligning the
revenue of Dada Now last-mile delivery services to a comparable
basis, operating profit margin substantially improved by over 16
percentage points.
- For the fourth quarter of 2021, Dada expects total revenue to
be between RMB2.0 billion and
RMB2.1 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.
Operation highlights:
- Total Gross Merchandise Volume ("GMV") of JDDJ for the twelve
months ended September 30, 2021 was
RMB37.2 billion.
- Deepen ties with JD in Q3 2021. In October, Dada Group and
JD.com jointly launched "Shop Now" or "Xiaoshigou", a unified brand
for all on-demand retail services within the JD ecosystem. Through
Shop Now, users can access on-demand services via multiple channels
on JD, including the "Nearby" tab on the homepage of JD.com's
app.
"Dada has always been committed to driving digital
transformation in the retail industry and providing consumers with
superior experience to meet the evolving demands," said Mr.
Philip Kuai, Chairman and Chief
Executive Officer of Dada. "We are excited to strengthen strategic
cooperation with JD under the omni-channel strategy to explore the
enormous potential in the on-demand retail industry. We will
continuously work together to create more value for retailers,
brands and consumers and serve the development of the real
economy."
About Dada Group
Dada Group is a leading platform of local on-demand retail and
delivery in China. It operates
JDDJ, one of China's largest local
on-demand retail platforms for retailers and brand owners, and Dada
Now, a leading local on-demand delivery platform open to merchants
and individual senders across various industries and product
categories. The company's two platforms are inter-connected and
mutually beneficial. The Dada Now platform enables improved
delivery experience for participants on the JDDJ platform through
its readily accessible fulfillment solutions and strong on-demand
delivery infrastructure. Meanwhile, the vast volume of on-demand
delivery orders from the JDDJ platform increases order volume and
density for the Dada Now platform. In June
2020, Dada Group began trading on the Nasdaq Global Market,
under the ticker symbol "DADA."
Contacts
Dada Group
E-mail: PR@imdada.cn
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SOURCE Dada Group