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 third quarter
ended September 30, 2022.
Third Quarter 2022
Highlights
- Total
net revenues in the third quarter were RMB2,380.1 million,
an increase of 41.1% year over year from RMB1,686.8 million in the
same period of 2021.
- Total
Gross Merchandise Volume (“GMV”) of JDDJ for the twelve
months ended September 30, 2022 was RMB58.9 billion, an increase of
58.3% year over year from RMB37.2 billion in the same period of
2021.
- Number
of active consumers for the twelve months ended September
30, 2022 was 75.4 million, as compared with 57.1 million in the
same period of 2021.
“We are delighted to open a new chapter of Dada
with yet another strong quarter despite macro uncertainties, thanks
to the trust from our employees, customers, riders, and strategic
partners,” said Mr. Jeff He, President of Dada. “We continued to
support the recovery of domestic consumption with industry-leading
technology and infrastructure, while making further progress in the
digital transformation of brick-and-mortar retail. Leveraging the
unique strengths of our dual-engine business model and further
collaboration with JD.com, we remain confident in capturing the
tremendous opportunity of on-demand retail in the long run.”
“Our results speak of the resilience of our
business,” said Mr. Beck Chen, Chief Financial Officer of Dada. “We
maintained rapid revenue growth of 41% year over year in the third
quarter. Meanwhile, we continued to make remarkable progress toward
profitability, with non-GAAP operating margin1 improving by over 15
percentage points year over year. Looking ahead, we will remain
committed to pursuing high-quality growth and delivering value for
all stakeholders.”
Third Quarter 2022 Financial
Results
Total net revenues were
RMB2,380.1 million, an increase of 41.1% year over year from
RMB1,686.8 million in the same period of 2021.
|
|
For the three months ended September 30, |
|
|
2021 |
|
2022 |
|
|
(RMB in thousands) |
Net Revenue |
|
|
|
|
Dada Now |
|
|
|
|
Services |
|
592,508 |
|
819,764 |
Sales of goods |
|
21,781 |
|
16,125 |
Subtotal |
|
614,289 |
|
835,889 |
JDDJ |
|
|
|
|
Services note (1) |
|
1,072,490 |
|
1,544,257 |
Total |
|
1,686,779 |
|
2,380,146 |
|
|
|
|
|
Note: (1) Includes net revenues from (i)
commission fee, and online advertising and marketing services of
RMB629,719 and RMB1,012,998 for the three months ended September
30, 2021 and 2022, respectively; and (ii) fulfillment services and
others of RMB442,771 and RMB531,259 for the three months ended
September 30, 2021 and 2022, respectively.
- Net
revenues generated from Dada Now increased by 36.1% from
RMB614.3 million in the third quarter of 2021 to RMB835.9 million
in the third quarter of 2022, mainly driven by the increase in
order volume of intra-city delivery service to chain
merchants.
- Net
revenues generated from JDDJ increased by 44.0% from
RMB1,072.5 million in the third quarter of 2021 to RMB1,544.3
million in the third quarter of 2022, mainly due to the increase in
GMV from the same quarter last year, which was driven by increases
in the number of active consumers and average order size. The
increase in online marketing services revenue as a result of the
increasing promotional activities launched by brand owners and
retailers also contributed to the increment of the net revenues
generated from JDDJ.
Total costs and expenses were
RMB2,919.6 million, compared with RMB2,282.3 million in the same
quarter of 2021.
-
Operations and support costs were RMB1,466.8
million, compared with RMB1,235.7 million in the same quarter of
2021. The increase was primarily due to an increase in rider cost
as a result of increasing order volume for intra-city delivery
services provided to various chain merchants on the Dada Now
platform and retailers on the JDDJ platform.
- Selling
and marketing expenses were RMB1,149.7 million, compared
with RMB780.3 million in the same quarter of 2021. The increase was
primarily due to (i) growing incentives to JDDJ consumers, (ii) an
increase in advertising and marketing expenses to attract new
consumers to JDDJ platform, and (iii) amortization of the business
cooperation agreement in connection with the share subscription
transaction with JD.com in February 2022.
- General
and administrative expenses were RMB107.0 million,
compared with RMB98.5 million in the same quarter of 2021. The
increase was mainly attributable to increases in professional
service fees.
-
Research and development expenses were RMB180.5
million, compared with RMB148.0 million in the same quarter of
2021. The increase was mainly attributable to the increase in
research and development personnel cost as the Company continues to
strengthen its technological capabilities.
Loss from operations was
RMB485.5 million, compared with RMB565.8 million in the same
quarter of 2021.
Non-GAAP loss from
operations1 was RMB300.1 million,
compared with RMB472.1 million in the same quarter of 2021.
Net loss was RMB454.3 million,
compared with RMB542.7 million in the same period of 2021.
Non-GAAP net
loss2 was RMB270.2 million, compared with
RMB450.1 million in the same period of 2021.
Net loss attributable to ordinary
shareholders of Dada was RMB454.3 million, compared with
RMB542.7 million in the same quarter of 2021.
Non-GAAP net loss attributable to
ordinary shareholders of Dada3 was
RMB270.2 million, compared with RMB450.1 million in the same
quarter of 2021.
Basic and diluted net loss per
share was RMB0.44, compared with RMB0.57 for the third
quarter of 2021.
Non-GAAP basic and diluted net loss per
share4 was RMB0.26, compared with RMB0.48
for the third quarter of 2021.
As of September 30, 2022, the Company had
RMB5,208.9 million in cash, cash equivalents, restricted
cash and short-term investments, an increase from
RMB1,764.8 million as of December 31, 2021.
Pursuant to our US$70 million share repurchase
program announced in March 2022, as of September 30, 2022, the
Company had repurchased approximately US$56.6 million of ADSs under
this repurchase program.
Environment, Social Responsibility and
Corporate Governance
The Company continued to execute its ESG
strategy in a committed and proactive way:
- During the
third quarter, a number of cities including Shanghai, Beijing,
Shenzhen, Dalian, Shijiazhuang, Chengdu and Guiyang experienced
COVID-19 resurgence. JDDJ and Dada Now worked to coordinate
merchants’ offerings and delivery capacity to ensure the supply of
daily necessities to the affected communities. Dada received
appreciation letters from relevant governmental authorities in
Shanghai, Chengdu, Shijiazhuang, etc., all of which recognized the
Company's contributions to maintaining the supply of essential
goods during COVID-19 resurgence.
- In September,
JDDJ released the “Double Zero” policy for the Double 11 shopping
festival, which allows new stores that list on Shop Now to enjoy
zero deposit and zero platform usage fees, aiming to help retailers
expand business by leveraging Shop Now.
- In August, Dada
teamed up with Walmart China and the China Foundation for Rural
Development to launch the “Nutritious Meals for Children”
fundraising program, encouraging donations through online and
offline channels to provide nutritious meals to children in
Guizhou, Guangxi and other less developed areas.
- Under the
guidance of the "Care for the Next Generation Working Committee" of
Yangpu District, Shanghai, Dada established its own "Care for the
Next Generation Working Committee" and actively engaged in
activities to support healthy growth of the youth.
- In November,
Dada was included in the “2022 List of Excellent Private
Enterprises in Corporate Social Responsibility (CSR)” released by
the All-China Federation of Industry and Commerce, which
demonstrated government authorities’ recognition of Dada’s CSR
efforts and contribution.
Business Outlook
For the fourth quarter of 2022, Dada expects
total revenue to be between RMB2,650 million and RMB2,750 million,
representing year-over-year growth of 30% to 35%. This outlook is
based on information available as of the date of this press release
and reflects the Company's current and preliminary expectations,
which are subject to change in light of various uncertainties,
including those related to the ongoing COVID-19 pandemic.
_____________________________
1 Non-GAAP loss from operations represents loss
from operations excluding the impact of share-based compensation
expenses and amortization of intangible assets resulting from
business acquisition. Non-GAAP operating margin equals non-GAAP
loss from operations divided by total net revenues.2 Non-GAAP net
loss represents net loss excluding the impact of share-based
compensation expenses, amortization of intangible assets resulting
from business acquisitions and tax benefit from amortization of
such intangible assets.3 Non-GAAP net loss attributable to ordinary
shareholders of Dada is net loss attributable to ordinary
shareholders of Dada excluding the impact of share-based
compensation expenses, amortization of intangible assets resulting
from business acquisition and tax benefit from amortization of such
intangible assets.4 Non-GAAP net loss per share is non-GAAP net
loss attributable to ordinary shareholders of Dada divided by
weighted average number of shares used in calculating net loss per
share.
Conference Call
The Company will host a conference call to
discuss the earnings at 8:30 p.m. Eastern Time on Thursday, Nov 17,
2022 (9:30 a.m. Beijing time on Friday, Nov 18, 2022).
Please register in advance of the conference
using the link provided below and dial in 10 minutes prior to the
call.
PRE-REGISTER LINK:
https://s1.c-conf.com/diamondpass/10026208-ji1ed7.html
Upon registration, each participant will receive
details for the conference call, including dial-in numbers,
conference call passcode and a unique access PIN. To join the
conference, please dial the number provided, enter the passcode
followed by your PIN, and you will join the conference.
A telephone replay of the call will be available
after the conclusion of the conference call through Nov 25,
2022.
Dial-in numbers for the replay are as
follows:
U.S./Canada |
1-855-883-1031 |
Mainland China |
400-1209-216 |
Hong Kong |
800-930-639 |
Replay PIN |
10026208 |
A live and archived webcast of the conference
call will be available on the Investor Relations section of Dada’s
website at https://ir.imdada.cn/.
Use of Non-GAAP Financial Measures
The Company also uses certain non-GAAP financial
measures in evaluating its business. For example, the Company uses
non-GAAP income/(loss) from operations, non-GAAP operating margin,
non-GAAP net income/(loss), non-GAAP net margin, non-GAAP net
income/(loss) attributable to ordinary shareholders of Dada and
non-GAAP net income/(loss) attributable to ordinary shareholders of
Dada per share as supplemental measures to review and assess its
financial and operating performance. The presentation of these
non-GAAP financial measures is not intended to be considered in
isolation, or as a substitute for the financial information
prepared and presented in accordance with U.S. GAAP. Non-GAAP
income/(loss) from operations is income/(loss) from operations
excluding the impact of share-based compensation expenses and
amortization of intangible assets resulting from business
acquisition. Non-GAAP operating margin is non-GAAP income/(loss)
from operations as a percentage of total net revenues. Non-GAAP net
income/(loss) is net income/(loss) excluding the impact of
share-based compensation expenses, amortization of intangible
assets resulting from business acquisition and tax benefit from
amortization of such intangible assets. Non-GAAP net margin is
non-GAAP net income/(loss) as a percentage of total net revenues.
Non-GAAP net income/(loss) attributable to ordinary shareholders of
Dada is net income/(loss) attributable to ordinary shareholders of
Dada excluding the impact of share-based compensation expenses,
amortization of intangible assets resulting from business
acquisition and tax benefit from amortization of such intangible
assets. Non-GAAP net income/(loss) attributable to ordinary
shareholders of Dada per share is non-GAAP net income/(loss)
attributable to ordinary shareholders of Dada divided by weighted
average number of shares used in calculating net income/(loss) per
share.
The Company presents the non-GAAP financial
measures because they are used by the Company’s management to
evaluate the Company’s financial and operating performance and
formulate business plans. Non-GAAP income/(loss) from operations
and non-GAAP net income/(loss) enable the Company’s management to
assess the Company’s financial and operating results without
considering the impact of share-based compensation expenses,
amortization of intangible assets resulting from business
acquisition and tax benefit from amortization of such intangible
assets. The Company also believes that the use of the non-GAAP
measures facilitates investors’ assessment of the Company’s
financial and operating performance.
The non-GAAP financial measures are not defined
under U.S. GAAP and are not presented in accordance with U.S. GAAP.
The non-GAAP financial measures have limitations as analytical
tools. One of the key limitations of using non-GAAP income/(loss)
from operations, non-GAAP net income/(loss), non-GAAP net
income/(loss) attributable to ordinary shareholders of Dada, and
non-GAAP net income/(loss) attributable to ordinary shareholders of
Dada per share is that they do not reflect all items of income and
expense that affect the Company’s operations. Share-based
compensation expenses, amortization of intangible assets resulting
from business acquisition and tax benefit from amortization of such
intangible assets have been and may continue to be incurred in the
Company’s business and is not reflected in the presentation of
non-GAAP income/(loss) from operations, non-GAAP net income/(loss),
non-GAAP net income/(loss) attributable to ordinary shareholders of
Dada, and non-GAAP net income/(loss) attributable to ordinary
shareholders of Dada per share. Further, the non-GAAP measures may
differ from the non-GAAP measures used by other companies,
including peer companies, potentially limiting the comparability of
their financial results to the Company’s. In light of the foregoing
limitations, the non-GAAP income/(loss) from operations, non-GAAP
operating margin, non-GAAP net income/(loss), non-GAAP net margin,
non-GAAP net income/(loss) attributable to ordinary shareholders of
Dada and non-GAAP net income/(loss) attributable to ordinary
shareholders of Dada per share for the period should not be
considered in isolation from or as an alternative to income/(loss)
from operations, operating margin, net income/(loss), net margin,
net income/(loss) attributable to ordinary shareholders of Dada and
net income/(loss) attributable to ordinary shareholders of Dada per
share, or other financial measures prepared in accordance with U.S.
GAAP.
The Company compensates for these limitations by
reconciling the non-GAAP financial measures to the nearest U.S.
GAAP performance measures, which should be considered when
evaluating the Company’s performance. For reconciliations of these
non-GAAP financial measures to the most directly comparable GAAP
financial measures, please see the section of the accompanying
tables titled, “Reconciliations of GAAP and Non-GAAP Results.”
Forward-Looking Statements
This press release contains statements that may
constitute “forward-looking” statements pursuant to the “safe
harbor” provisions of the U.S. Private Securities Litigation Reform
Act of 1995. These forward-looking statements can be identified by
terminology such as “will,” “expects,” “anticipates,” “aims,”
“future,” “intends,” “plans,” “believes,” “estimates,” “likely to”
and similar statements. Among other things, quotations in this
announcement, contain forward-looking statements. Dada may also
make written or oral forward-looking statements in its periodic
reports to the U.S. Securities and Exchange Commission (the “SEC”),
in its annual report to shareholders, in press releases and other
written materials and in oral statements made by its officers,
directors or employees to third parties. Statements that are not
historical facts, including statements about Dada’s beliefs, plans
and expectations, are forward-looking statements. Forward-looking
statements involve inherent risks and uncertainties. A number of
factors could cause actual results to differ materially from those
contained in any forward-looking statement, including but not
limited to the following: Dada’s strategies; Dada’s future business
development, financial condition and results of operations; Dada’s
ability to maintain its relationship with major strategic
investors; its ability to provide efficient on-demand delivery
services and offer quality on-demand retail experience; its ability
to maintain and enhance the recognition and reputation of its
brands; general economic and business conditions globally and in
China and assumptions underlying or related to any of the
foregoing. Further information regarding these and other risks is
included in Dada’s filings with the SEC. All information provided
in this press release is as of the date of this press release, and
Dada does not undertake any obligation to update any
forward-looking statement, except as required under applicable
law.
About Dada
Dada 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.
For more information, please visit https://ir.imdada.cn/.
For investor inquiries, please contact:
Dada Nexus LimitedMs. Caroline DongE-mail: ir@imdada.cn
Christensen
In ChinaMr. Rene VanguestainePhone: +86-178-1749 0483E-mail:
rene.vanguestaine@christensencomms.com
In USMs. Linda BergkampPhone: +1-480-614-3004E-mail:
linda.bergkamp@christensencomms.com
For media inquiries, please
contact:
Dada Nexus Limited E-mail: PR@imdada.cn
Appendix I
DADA NEXUS LIMITED |
UNAUDITED CONDENSED CONSOLIDATED BALANCE
SHEETS |
(Amounts in thousands, except share data and otherwise
noted) |
|
|
|
|
|
|
|
|
As of December 31, |
|
As of September 30, |
|
|
|
2021 |
|
2022 |
|
|
|
RMB |
|
RMB |
|
ASSETS |
|
|
|
|
|
Current assets |
|
|
|
|
|
Cash and cash equivalents |
|
512,830 |
|
455,652 |
|
Restricted cash |
|
58,020 |
|
233,475 |
|
Short-term investments |
|
1,193,909 |
|
4,519,817 |
|
Accounts receivable |
|
352,324 |
|
358,879 |
|
Inventories, net |
|
6,344 |
|
8,999 |
|
Amount due from related parties |
|
840,667 |
|
832,455 |
|
Prepayments and other current assets |
|
479,017 |
|
296,378 |
|
Total current assets |
|
3,443,111 |
|
6,705,655 |
|
Non-current assets |
|
|
|
|
|
Property and equipment, net |
|
37,555 |
|
18,553 |
|
Goodwill |
|
957,605 |
|
957,605 |
|
Intangible assets, net |
|
332,317 |
|
1,815,811 |
|
Operating lease right-of-use assets |
|
76,811 |
|
39,183 |
|
Non-current time deposits |
|
400,000 |
|
— |
|
Other non-current assets |
|
33,181 |
|
7,638 |
|
Total non-current assets |
|
1,837,469 |
|
2,838,790 |
|
|
|
|
|
|
|
TOTAL ASSETS |
|
5,280,580 |
|
9,544,445 |
|
|
|
|
|
|
|
LIABILITIES AND SHAREHOLDERS’ EQUITY |
|
|
|
|
|
Current liabilities |
|
|
|
|
|
Short-term loan |
|
100,000 |
|
100,000 |
|
Accounts payable |
|
9,800 |
|
9,828 |
|
Notes payable |
|
— |
|
500,000 |
|
Payable to riders and drivers |
|
580,983 |
|
602,308 |
|
Amount due to related parties |
|
71,760 |
|
124,399 |
|
Accrued expenses and other current liabilities |
|
620,406 |
|
770,101 |
|
Operating lease liabilities |
|
35,759 |
|
23,083 |
|
Total current liabilities |
|
1,418,708 |
|
2,129,719 |
|
|
|
|
|
|
|
Non-current liabilities |
|
|
|
|
|
Deferred tax liabilities |
|
27,000 |
|
23,241 |
|
Non-current operating lease liabilities |
|
46,243 |
|
19,957 |
|
Total non-current liabilities |
|
73,243 |
|
43,198 |
|
|
|
|
|
|
|
TOTAL LIABILITIES |
|
1,491,951 |
|
2,172,917 |
|
|
DADA NEXUS LIMITEDUNAUDITED CONDENSED CONSOLIDATED BALANCE
SHEETS (CONTINUED)(Amounts in thousands, except share data and
otherwise noted) |
|
|
|
|
|
|
|
As of December 31, |
|
As of September 30, |
|
|
2021 |
|
2022 |
|
|
RMB |
|
RMB |
|
|
|
|
|
SHAREHOLDERS’ EQUITY |
|
|
|
|
Ordinary shares (US$0.0001 par value, 2,000,000,000 and
2,000,000,000 shares authorized, 955,876,116 and 1,079,498,378
shares issued, 927,776,552 and 1,022,356,422 shares outstanding as
of December 31, 2021 and September 30, 2022, respectively) |
|
633 |
|
|
631 |
|
Additional paid-in capital |
|
15,714,015 |
|
|
20,564,778 |
|
Accumulated deficit |
|
(11,816,229 |
) |
|
(13,453,652 |
) |
Accumulated other comprehensive loss |
|
(109,790 |
) |
|
259,771 |
|
TOTAL SHAREHOLDERS’ EQUITY |
|
3,788,629 |
|
|
7,371,528 |
|
|
|
|
|
|
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY |
|
5,280,580 |
|
|
9,544,445 |
|
|
|
|
|
|
|
|
DADA NEXUS LIMITEDUNAUDITED CONDENSED
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE
LOSS(Amounts in thousands, except share and per
share data and otherwise noted) |
|
|
|
|
|
For the three months ended September 30, |
|
|
2021 |
|
2022 |
|
|
RMB |
|
RMB |
|
|
|
|
|
|
|
|
|
|
Net revenues |
|
1,686,779 |
|
|
2,380,146 |
|
Costs and expenses |
|
|
|
|
Operations and support |
|
(1,235,733 |
) |
|
(1,466,848 |
) |
Selling and marketing |
|
(780,324 |
) |
|
(1,149,709 |
) |
General and administrative |
|
(98,536 |
) |
|
(107,011 |
) |
Research and development |
|
(147,982 |
) |
|
(180,535 |
) |
Other operating expenses |
|
(19,750 |
) |
|
(15,508 |
) |
Total costs and expenses |
|
(2,282,325 |
) |
|
(2,919,611 |
) |
Other operating income |
|
29,721 |
|
|
53,974 |
|
Loss from operations |
|
(565,825 |
) |
|
(485,491 |
) |
|
|
|
|
|
Other income/(expenses) |
|
|
|
|
Interest expenses |
|
(2,918 |
) |
|
(3,259 |
) |
Others, net |
|
24,829 |
|
|
33,332 |
|
Total other income |
|
21,911 |
|
|
30,073 |
|
Loss before income tax benefits |
|
(543,914 |
) |
|
(455,418 |
) |
Income tax benefits |
|
1,253 |
|
|
1,082 |
|
Net loss |
|
(542,661 |
) |
|
(454,336 |
) |
Accretion of convertible redeemable preferred shares |
|
— |
|
|
— |
|
Net loss attributable
to ordinary shareholders of Dada Group |
|
(542,661 |
) |
|
(454,336 |
) |
|
|
|
|
|
Net loss per share |
|
|
|
|
Basic |
|
(0.57 |
) |
|
(0.44 |
) |
Diluted |
|
(0.57 |
) |
|
(0.44 |
) |
|
|
|
|
|
Weighted average shares used in calculating net loss per
share |
|
|
|
|
Basic |
|
944,451,432 |
|
|
1,028,922,429 |
|
Diluted |
|
944,451,432 |
|
|
1,028,922,429 |
|
|
|
|
|
|
Net loss |
|
(542,661 |
) |
|
(454,336 |
) |
Other comprehensive
loss |
|
|
|
|
Foreign currency translation adjustments, net of tax of nil |
|
5,348 |
|
|
180,685 |
|
Total comprehensive loss |
|
(537,313 |
) |
|
(273,651 |
) |
|
|
|
|
|
|
|
DADA NEXUS LIMITEDReconciliations of GAAP
and Non-GAAP Results(Amounts in thousands, except
share and per share data and otherwise noted) |
|
|
|
|
|
|
For the three months ended September 30, |
|
|
2021 |
|
2022 |
|
|
RMB |
|
RMB |
|
|
|
|
|
Loss from operations |
|
(565,825 |
) |
|
(485,491 |
) |
Add: |
|
|
|
|
Share-based compensation expense |
|
50,673 |
|
|
52,160 |
|
Intangible assets amortization |
|
43,099 |
|
|
133,237 |
|
Non-GAAP loss from
operations |
|
(472,053 |
) |
|
(300,094 |
) |
|
|
|
|
|
Net loss |
|
(542,661 |
) |
|
(454,336 |
) |
Add: |
|
|
|
|
Share-based compensation expense |
|
50,673 |
|
|
52,160 |
|
Intangible assets amortization |
|
43,099 |
|
|
133,237 |
|
Income tax benefit |
|
(1,253 |
) |
|
(1,253 |
) |
Non-GAAP net
loss |
|
(450,142 |
) |
|
(270,192 |
) |
|
|
|
|
|
Accretion of convertible redeemable preferred shares |
|
— |
|
|
— |
|
|
|
|
|
|
Non-GAAP net loss
attributable to ordinary shareholders of Dada Group |
|
(450,142 |
) |
|
(270,192 |
) |
|
|
|
|
|
Non-GAAP net loss per
share |
|
|
|
|
Basic |
|
(0.48 |
) |
|
(0.26 |
) |
Diluted |
|
(0.48 |
) |
|
(0.26 |
) |
|
|
|
|
|
Weighted average
shares used in calculating net loss per share |
|
|
|
|
Basic |
|
944,451,432 |
|
|
1,028,922,429 |
|
Diluted |
|
944,451,432 |
|
|
1,028,922,429 |
|
Dada Nexus (NASDAQ:DADA)
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