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Classified in: Transportation, Science and technology, Business
Subject: ERN

Dada's 3Q 2021 updates: Q3 Total Revenue Growth Further Accelerated to 86% YOY


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:

Operation highlights:

"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

 

SOURCE Dada Group


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News published on 23 november 2021 at 17:01 and distributed by: