Welcome to our dedicated page for Dada Nexus news (Ticker: DADA), a resource for investors and traders seeking the latest updates and insights on Dada Nexus stock.
Dada Nexus Ltd (DADA) operates at the intersection of on-demand retail and hyperlocal logistics, powering rapid delivery solutions for urban consumers and businesses. This page aggregates official announcements and verified news covering strategic developments across its dual focus areas: retail platform services and intelligent logistics operations.
Investors and industry observers will find timely updates on quarterly earnings, technology partnerships, and market expansion initiatives. The curated selection includes press releases about logistics network enhancements, retail client acquisitions, and innovations in delivery optimization algorithms that maintain sub-hour service windows.
All content undergoes strict verification to ensure alignment with regulatory standards for financial disclosures. Users can track the company's progress in key operational metrics through filtered updates on rider network growth, new advertising partnerships, and O2O platform integrations without promotional commentary.
Bookmark this page for streamlined access to Dada Nexus's evolving position in competitive markets across China, particularly its advancements in merging real-time delivery capabilities with digital retail enablement tools for merchants.
Dada Nexus (NASDAQ: DADA), China's leading local on-demand retail and delivery platform, has announced the filing of its annual report on Form 20-F for the fiscal year ended December 31, 2024, with the U.S. Securities and Exchange Commission (SEC) on April 14, 2025.
The annual report is accessible through the company's investor relations website at https://ir.imdada.cn/ and the SEC's website at http://www.sec.gov. Shareholders can request a free hard copy of the annual report containing audited consolidated financial statements by contacting the company's IR Department at ir@imdada.cn.
Dada Nexus (NASDAQ: DADA), China's leading local on-demand retail and delivery platform, has announced a definitive merger agreement with JD Sunflower Investment Under the agreement, DADA will become a wholly-owned subsidiary of JD.com through a privatization deal.
The merger terms specify that each ADS will be exchanged for US$2.0 in cash, representing a 42% premium over the January 24, 2025 closing price. Individual shares will receive US$0.5 in cash. The transaction will be fully funded by JD.com International
The merger has received approval from DADA's board of directors following recommendation from a Special Committee of independent directors. JD and its affiliates, holding over 60% of voting rights, have agreed to vote in favor of the merger. The transaction is expected to close in Q3 2025, subject to shareholder approval. Upon completion, DADA will become private and delist from the Nasdaq Global Select Market.
Dada Nexus (NASDAQ: DADA), China's leading local on-demand retail and delivery platform, has released its Q4 and fiscal year 2024 financial results. Total net revenues for Q4 2024 were RMB2,432.7 million, down from RMB2,752.2 million in Q4 2023.
Key highlights include:
- JD NOW revenues declined to RMB737.4 million in Q4 2024 from RMB1,548.5 million in Q4 2023
- Dada NOW revenues increased by 40.8% to RMB1,695.3 million in Q4 2024
- Q4 2024 net loss was RMB1,227.0 million, slightly improved from RMB1,282.4 million in Q4 2023
- Full-year 2024 total net revenues were RMB9,663.8 million, compared to RMB10,506.3 million in 2023
The company recorded an impairment loss of intangible assets of RMB1,058.7 million in Q4 2024. Under its share repurchase program, Dada repurchased approximately 6.1 million ADSs for US$11.4 million as of December 31, 2024.
Dada Nexus (NASDAQ: DADA), China's leading local on-demand retail and delivery platform, has announced that its independent special committee has appointed Kroll, as financial advisor and Gibson, Dunn & Crutcher LLP as U.S. legal counsel. These appointments are part of the committee's ongoing evaluation of the non-binding proposal received on January 25, 2025.
The special committee continues to review the proposal, and the Board has cautioned shareholders that no decisions have been made yet. The company emphasized that there is no guarantee of receiving a definitive offer, executing any agreement, or completing the proposed transaction. Updates will only be provided as required by law.
Dada Nexus (NASDAQ: DADA), China's leading local on-demand retail and delivery platform, has received a preliminary non-binding proposal from JD.com to acquire all outstanding ordinary shares not already owned by JD. The proposed purchase price is US$2.0 per ADS (US$0.5 per Ordinary Share) in cash, representing a 42% premium over the last trading day's closing price.
The company's board has formed a Special Committee of three independent directors - Baohong Sun, Laura Marie Butler (Chair), and Jian Han - to evaluate the proposed transaction. The committee plans to retain independent financial advisors and legal counsel. The company emphasizes that no decisions have been made regarding the proposal, and there's no guarantee of a definitive agreement or transaction completion.
Dada Nexus (NASDAQ: DADA) reported Q3 2024 financial results with total net revenues of RMB2,429.4 million, down 7.3% year-over-year. JD NOW's monthly transacting users and orders through the JD App grew over 100% YoY. Dada NOW revenue increased 38.6% to RMB1,499.2 million, driven by growth in intra-city delivery services. The company reported a net loss of RMB197.3 million, compared to RMB166.0 million in Q3 2023. Non-GAAP net loss was RMB59.4 million. Order volume reached 648.4 million with gross billings of RMB3,098.2 million.
Dada Nexus (NASDAQ: DADA), China's leading local on-demand retail and delivery platform, will release its unaudited financial results for the third quarter ended September 30, 2024, on Wednesday, November 13, 2024, after U.S. markets close. The company will host a conference call at 8:30 p.m. Eastern Time on November 13 (9:30 a.m. Beijing time on November 14). A telephone replay will be available until November 21, 2024, and a webcast will be accessible on Dada's Investor Relations website.
Dada Nexus (NASDAQ: DADA) announced its Q2 2024 financial results. Total net revenues were RMB2,349.9 million, down 9.5% year-over-year. JD NOW revenues decreased 43.5% to RMB912.4 million, while Dada NOW revenues increased 46.6% to RMB1,437.5 million. The company reported a net loss of RMB286.2 million, compared to RMB158.7 million in Q2 2023. Non-GAAP net loss was RMB142.3 million. JD NOW saw over 100% year-on-year growth in monthly transacting users and orders through the JD App. Dada NOW's revenue grew over 50% year-on-year in H1 2024. The company's focus remains on user experience optimization and high-quality development.
Dada Nexus (NASDAQ: DADA), China's leading local on-demand retail and delivery platform, has announced significant management changes. The Board has elected Mr. Kevin Qing Guo as a new director and chairman, succeeding Mr. Ian Su Shan, who will remain a director. Additionally, Mr. Bing Fu has resigned as Interim President. The Board is actively evaluating the Company's leadership composition for long-term development.
Mr. Guo, a consultant to JD.com and Dada since April 2024, is also the co-founder and CEO of Robot-X, a cooking robotics company. He previously held key positions at Meituan. These changes aim to strengthen Dada's leadership and potentially bring fresh perspectives to the company's strategic direction.
Dada Nexus (NASDAQ: DADA), China's leading local on-demand retail and delivery platform, has announced it will release its unaudited financial results for the second quarter ended June 30, 2024, on Tuesday, August 20, 2024, after the close of U.S. markets. The company will host a conference call to discuss the earnings at 9:30 p.m. Eastern Time on the same day (9:30 a.m. Beijing time on Wednesday, August 21, 2024).
Interested parties can pre-register for the conference call using the provided link. Upon registration, participants will receive dial-in numbers, a conference call passcode, and a unique access PIN. A telephone replay of the call will be available until August 28, 2024. Additionally, a live and archived webcast of the conference call will be accessible on the Investor Relations section of Dada's website.
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