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. Aligning the revenue of Dada
Now last-mile delivery services to a comparable basis, revenue
growth would have been 74% year over year.
- Net profit margin improved by about 30 percentage points year
over year on a comparable basis.
- Total Gross Merchandise Volume ("GMV") of JDDJ for the twelve
months ended March 31, 2022 was
RMB49.1 billion, an increase of 74.4%
year over year from RMB28.1 billion
in the same period of 2021.
- Number of active consumers for the twelve months ended
March 31, 2022 was 67.9 million, as
compared with 46.1 million in the same period of 2021.
- Net revenues generated from JDDJ were RMB1,402.3 million, an increase of 80% year over
year from 778.3 million in the same period of 2021.
Operation highlights:
- Since JD.com's increased investment in Dada Group was completed
at the end of February, the omni-channel business cooperation
between Dada Group and JD.com has further strengthened. In the
first quarter, the GMV of Shop Now, or Xiaoshigou, the unified
brand for all on-demand retail services operated by Dada Group
within the JD ecosystem, increased by more than 3 times year over
year. The geographical coverage of the Nearby, or Fujin tab on the
JD.com mobile App, which is one of the major entry points of Shop
Now, further expanded, gaining more exposure among JD users.
- Dada Group continued to empower retailers and brands via
innovative digital tools, to help them accelerate digital
transformation:
- Haibo, the omni-channel O2O operating system
for retailers, continued to empower more merchants to carry out O2O
operations across multiple channels efficiently. As of the end of
March, the Haibo system had been deployed in more than 6,700 retail
chain stores, including about 3,000 stores of around 50 top100
supermarket chains in China.
- To help improve brand partners' sales efficiency, Dada Group has
recently launched the Earth Grid System, or Kunce, which visualizes
brands' online inventory down to a 3 x 3 km grid level, helping
brands to optimize point of sales coverage and gain regional sales
share. As of now, more than 30 brands in food and beverage, grain
and oil, mom-and-baby care products, and other categories have
adopted the Kunce system.
- The digitized in-store picking service, Dada Picking, had been
fully rolled out to Walmart stores nationwide by the end of March.
Dada Picking's empowerment in helping address labor shortages and
digitalize the picking process is highly valued by retailers. As a
result, order volume maintained strong growth momentum. In the
first quarter, the number of orders fulfilled by Dada Picking
increased by more than 3 times year-over-year.
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".
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SOURCE DADA GROUP