{"id":3023,"date":"2021-11-23T22:01:00","date_gmt":"2021-11-23T22:01:00","guid":{"rendered":"https:\/\/www.prnasia.com\/story\/archive\/3586585_CN86585_0"},"modified":"2021-11-23T22:01:00","modified_gmt":"2021-11-23T22:01:00","slug":"dadas-3q-2021-updates-q3-total-revenue-growth-further-accelerated-to-86-yoy","status":"publish","type":"post","link":"https:\/\/transmediavictoria.net.au\/?p=3023","title":{"rendered":"Dada&#8217;s 3Q 2021 updates: Q3 Total Revenue Growth Further Accelerated to 86% YOY"},"content":{"rendered":"<p><span class=\"xn-location\">SHANGHAI<\/span>, Nov. 24, 2021 \/PRNewswire\/ Dada Nexus Limited (Dada Group, NASDAQ: DADA), <span class=\"xn-location\">China&#8217;s<\/span> leading local on-demand delivery and retail platform, today announced its unaudited financial results for the third quarter ended <span class=\"xn-chron\">September 30, 2021<\/span>.<\/p>\n<p><b>Financial highlights:<\/b><\/p>\n<ul type=\"disc\">\n<li>Total net revenues were <span class=\"xn-money\">RMB1,686.8 million<\/span>. 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. <\/li>\n<li>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. <\/li>\n<li>For the fourth quarter of 2021, Dada expects total revenue to be between <span class=\"xn-money\">RMB2.0 billion<\/span> and <span class=\"xn-money\">RMB2.1 billion<\/span>. 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.<\/li>\n<\/ul>\n<p><b>Operation highlights:<\/b><\/p>\n<ul type=\"disc\">\n<li>Total Gross Merchandise Volume (&#8220;GMV&#8221;) of JDDJ for the twelve months ended <span class=\"xn-chron\">September 30, 2021<\/span> was <span class=\"xn-money\">RMB37.2 billion<\/span>. <\/li>\n<li>Deepen ties with JD in Q3 2021. In October, Dada Group and JD.com jointly launched &#8220;Shop Now&#8221; or &#8220;Xiaoshigou&#8221;, 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 &#8220;Nearby&#8221; tab on the homepage of JD.com&#8217;s app.<\/li>\n<\/ul>\n<p>&#8220;Dada has always been committed to driving digital transformation in the retail industry and providing consumers with superior experience to meet the evolving demands,&#8221; said Mr. <span class=\"xn-person\">Philip Kuai<\/span>, Chairman and Chief Executive Officer of Dada. &#8220;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.&#8221;<\/p>\n<p><b>About Dada Group<\/b><\/p>\n<p>Dada Group is a leading platform of local on-demand retail and delivery in <span class=\"xn-location\">China<\/span>. It operates JDDJ, one of <span class=\"xn-location\">China&#8217;s<\/span> 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&#8217;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 <span class=\"xn-chron\">June 2020<\/span>, Dada Group began trading on the Nasdaq Global Market, under the ticker symbol &#8220;DADA.&#8221;<\/p>\n<p>Contacts<br \/>Dada Group<br \/>E-mail: <a target=\"_blank\" href=\"mailto:PR@imdada.cn\" rel=\"nofollow noopener\">PR@imdada.cn<\/a> <\/p>\n<p id=\"PURL\"><img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=CN86585&amp;sd=2021-11-23\"> View original content:<a id=\"PRNURL\" rel=\"nofollow noopener\" href=\"https:\/\/www.prnewswire.com\/news-releases\/dadas-3q-2021-updates-q3-total-revenue-growth-further-accelerated-to-86-yoy-301431229.html\" target=\"_blank\">https:\/\/www.prnewswire.com\/news-releases\/dadas-3q-2021-updates-q3-total-revenue-growth-further-accelerated-to-86-yoy-301431229.html<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>SHANGHAI, Nov. 24, 2021 \/PRNewswire\/ Dada Nexus Limited (Dada Group, NASDAQ: DADA), China&#8217;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, [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":3024,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-3023","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Dada&#039;s 3Q 2021 updates: Q3 Total Revenue Growth Further Accelerated to 86% YOY - My Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/transmediavictoria.net.au\/?p=3023\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dada&#039;s 3Q 2021 updates: Q3 Total Revenue Growth Further Accelerated to 86% YOY - My Blog\" \/>\n<meta property=\"og:description\" content=\"SHANGHAI, Nov. 24, 2021 \/PRNewswire\/ Dada Nexus Limited (Dada Group, NASDAQ: DADA), China&#8217;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. 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