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Dada Announces Unaudited Third Quarter 2020 Financial Results

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SHANGHAI, China, Nov. 19, 2020 (GLOBE NEWSWIRE) -- Dada Group (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, 2020.

Third Quarter 2020 Highlights

  • Total net revenues were RMB1,301.5 million, an increase of 85.5% year-over-year.
  • Number of orders delivered of Dada Now for the twelve months ended September 30, 2020 was 1.0 billion, compared with 635.5 million in the same period of 2019.
  • Total Gross Merchandise Volume (“GMV”) of JDDJ for the twelve months ended September 30, 2020 was RMB21.3 billion, an increase of 102.9% year-over-year from RMB10.5 billion in the same period of 2019.
  • Number of active consumers for the twelve months ended September 30, 2020 was 37.3 million, an increase of 77.1% year-over-year from 21.1 million in the same period of 2019.

“We are pleased to report strong performance for the third quarter, with our business continuing to grow and our leading position further strengthening with market share expansion. JDDJ remains the largest local on-demand retail platform in the China supermarket segment with 24% market share in the first nine months of 2020, up from 21% in 2019. Dada Now maintains as the largest open on-demand delivery platform in China with 24% market share in the first nine months of 2020, up from 19% market share in 20191." commented Mr. Philip Kuai, Chairman and Chief Executive Officer of Dada Group. "Our commitment to bring people everything on demand continues to win over consumers, especially in the lower-tier cities in China where we are expanding. We believe we have an exciting journey ahead as we execute our growth strategy.”

“In the third quarter, we saw strong revenue growth with significant improvement of operating margin,” said Beck Chen, Chief Financial Officer of Dada Group. “We will continue to invest in technology to empower retailers and brand owners with enhanced capabilities and improved efficiency to establish and further strengthen partnership with them, which we believe will provide the foundation to support our future growth. With the strong growth momentum, we are confident that JDDJ revenue will grow by 100% year over year in the second half of 2020.”

Third Quarter 2020 Financial Results        

Total net revenues were RMB1,301.5 million, an increase of 85.5% from RMB701.6 million in the same quarter of 2019.

  Three months ended September 30,
  2019 2020
  RMB RMB
Net Revenue    
Dada Now    
Services 385,865 704,961
Sales of goods 10,800 14,034
Subtotal 396,665 718,995
JDDJ    
Services note (1) 304,967 582,507
Total 701,6
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公司介绍（网址：www.imdada.cn） 达达-京东到家是中国最大的同城速递平台和生鲜商超 o2o 平台，同城速递平台“达达”目前已经覆盖全国 360 多个重要城市，拥有300 多万众包配送员， 服务超过 80 万商家用户和 3000 万个人用户，日单量峰值超过 400 万单。其生鲜商超 o2o 平台“京东到家”，包含超市便利、新鲜果蔬、零食小吃、鲜花烘焙、 医药健康等业务，覆盖北京、上海、广州等 22 个城市，注册用户超过 3000 万。 公司成立于 2014 年初，先后获得了红杉、dst、京东、沃尔玛等顶级基金和战略合作伙伴的投资，累计融资金额近 7 亿美金。 京东到家 移动app 京东到家是全国领先的生鲜商超o2o平台，包含超市便利、新鲜果蔬、零食小吃、鲜花烘焙、 医药健康等业务。京东到家向消费者提供生鲜及超市产品的配送，并基于lbs定位实现1小时内快速送达，覆盖北京、上海、广州等 22个城市,注册用户超过3000万。 达达 移动app 众包物流平台：达达，通过众包和移动的方式解决电商配送的痛点，为中国众多的零售、服务和o2o企业提供同城速递服务；目前日均订单量过百万单，其中99%的订单在一小时之内配送完成，80%的订单在30分钟之内配送完成。 boss秀： 创始人ceo 蒯佳祺 本科毕业于同济大学物流工程专业，拥有美国麻省理工学院（mit）的物流工程硕士学位。 在创立达达之前， 曾任职oracle，麦肯锡，安居客和易传媒的创始成员和高管。 cto 杨骏 本科毕业于浙江大学计算机专业，拥有美国卡耐基梅隆大学（cmu）的计算机博士学位。 曾任职于square，领导growth team；并在facebook和google工作多年，作为最早的华人工程师之一。 了解更多信息请关注：达达-京东到家微信公众号：jddaojia 大研发技术博客：dada-tech