SHANGHAI, China, May 15, 2024 (GLOBE NEWSWIRE) -- Dada Nexus Limited (NASDAQ:DADA, "Dada", the "Company", or "we"))), China's leading local on-demand retail and delivery platform, today announced its unaudited financial results for the first quarter ended March 31, 2024. "We are pleased to announce that our on-demand retail service has been upgraded to JD NOW, aiming to bring quality goods to consumers at top-notch speeds. With the introduction of the new brand, we have entered a new chapter with a focus on ...

SHANGHAI, China, May 10, 2024 (GLOBE NEWSWIRE) -- Dada Nexus Limited (NASDAQ: DADA, “Dada” or the “Company”), China’s leading local on-demand retail and delivery platform, today announced that it will release its unaudited financial results for the first quarter ended March 31, 2024, on Wednesday, May 15, 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 Wednesday, May 15, 2024 (9:30 a.m. Beijing time on Thursday, May 16, 2024 ...

SHANGHAI, China, May 10, 2024 (GLOBE NEWSWIRE) -- Dada Nexus Limited (NASDAQ: DADA, “Dada” or the “Company”), China’s leading local on-demand retail and delivery platform, today announced that it will release its unaudited financial results for the first quarter ended March 31, 2024, on Wednesday, May 15, 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 Wednesday, May 15, 2024 (9:30 a.m. Beijing time on Thursday, May 16, 2024 ...

Momentum investing is essentially the opposite of the tried-and-tested Wall Street adage -- "buy low and sell high." Investors following this investing style typically avoid betting on cheap stocks and waiting long for them to recover. They believe instead that one could make far more money in lesser time by "buying high and selling higher."Who doesn't like betting on fast-moving trending stocks? But determining the right entry point isn't easy. Often, these stocks lose momentum once their valuation moves a ...

SHANGHAI, China, April 22, 2024 (GLOBE NEWSWIRE) -- Dada Nexus Limited ("Dada" or the "Company") (NASDAQ:DADA), China's leading local on-demand retail and delivery platform, today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2023 with the U.S. Securities and Exchange Commission ("SEC") on April 22, 2024. The annual report can be accessed on the Company's investor relations website at https://ir.imdada.cn/ as well as the SEC's website at http://www.sec.gov. Th ...

Financial Performance - The company incurred net losses of RMB2,471.1 million, RMB2,008.0 million, and RMB1,957.5 million (US$275.7 million) in 2021, 2022, and 2023, respectively [68]. - Net cash used in operating activities was RMB2,657.6 million, RMB945.4 million, and RMB380.8 million (US$53.6 million) in 2021, 2022, and 2023, respectively [68]. - The company recorded an impairment loss of RMB957.6 million for the year ended December 31, 2023, due to a decline in market capitalization [182]. Revenue Concentration - In 2021, 2022, and 2023, 13.9%, 20.3%, and 24.5% of net revenues were derived from services provided to JD Group, respectively [71]. - In 2021, 2022, and 2023, 20.2%, 21.6%, and 20.6% of net revenues were derived from services provided to Walmart Group, respectively [71]. - The company has a concentration of revenue from a small number of customers, with JD Group and Walmart Group being major contributors [71]. Market Competition - The company faces intense competition in the local on-demand retail and delivery markets, with competitors like Ele.me, Meituan, and SF Intracity [74]. - The company has seen rapid growth in the number of riders, active consumers, and daily delivery orders, but future growth rates may not be sustainable due to market saturation and increasing competition [84][85]. Operational Dependencies - The company relies on JD Group for traffic support and supply chain cooperation, with significant operational dependencies [66]. - The company engages outsourced delivery agencies for rider services, limiting its control over compliance with labor laws, which may lead to legal liabilities and reputational harm [147]. Technology and Infrastructure - The company relies on a scalable technology infrastructure that includes various systems for order management, pricing, and rider management, which are critical for business success [122]. - Continuous improvement and adaptation of technology systems are necessary to meet changing user needs and market trends, with a focus on developing new features and technologies [125]. - Any disruption to the company's technology systems could adversely affect its business and operational results [121]. Regulatory Environment - The company is subject to evolving governmental regulations in China, which cover various operational aspects, and non-compliance could result in penalties or loss of licenses [168]. - The PRC government has significant oversight over business operations, and new regulations could adversely affect the company's operations and the value of its American Depositary Shares (ADSs) [222]. - The evolving regulatory environment for internet-related businesses in China may lead to uncertainties regarding compliance and operational continuity [228]. Labor and Employment - The company faces uncertainties regarding compliance with labor-related laws and regulations in China, which could lead to labor disputes or government investigations [235]. - The average wage in China has been increasing, which is expected to continue, potentially impacting profitability if these costs cannot be passed on to consumers [232]. - The company is subject to stricter regulatory requirements regarding labor contracts and employee benefits, which could limit operational flexibility and increase costs [232]. Strategic Alliances and Acquisitions - The company may pursue strategic alliances and acquisitions to expand service offerings, but these could involve risks and require substantial resources [180]. - The company may encounter difficulties in pursuing strategic acquisitions due to complex regulations and the need for approval from the Ministry of Commerce [246]. Risks and Challenges - The company faces risks related to negative publicity and complaints about service quality, which could adversely affect its reputation and customer retention [79]. - The company is exposed to risks of intellectual property infringement claims, which could disrupt operations and incur significant legal expenses [174]. - The company may face significant costs and challenges in complying with new PRC regulations regarding algorithm usage, which could impact business operations [172]. Shareholder and Ownership Structure - JD Group held 53.1% of the outstanding ordinary shares as of March 31, 2024, giving it significant control over shareholder actions [192]. - The significant concentration of share ownership may adversely affect the trading price of the company's ADSs due to perceived conflicts of interest [193]. - The company operates as a "controlled company" under Nasdaq rules, allowing it to rely on exemptions from certain corporate governance requirements [195]. VIE Structure and Compliance - The company has 50% direct ownership of the VIE, which is subject to PRC regulations that restrict foreign ownership in certain sectors [196]. - If the PRC government finds the contractual arrangements with the VIE non-compliant, the company could face severe penalties or be forced to relinquish interests in those operations [201]. - The VIE holds critical assets for business operations, and bankruptcy or liquidation of the VIE could materially affect the company's financial condition and operational results [216]. Economic Environment - The company anticipates a challenging economic environment, with uncertainties stemming from global geopolitical tensions and economic conditions [185]. - The company may face substantial costs and limitations if it exercises the option to acquire equity interest in the VIE, as foreign investors are restricted from holding more than 50% equity in certain telecommunications services [217].

交银国际研究 公司更新 互联网 收盘价 目标价 潜在涨幅 2024年3月28日 美元2.10 美元2.00 -4.8% 达达集团 (DADA US) 4 季度达达快送增长超预期，关注新管理层 2024 年展望 个股评级  2023年4季度业绩：总收入27.5亿元（人民币，下同），同比增2.7%， 其中达达快送收入增36%至12亿元（超过我们预期16%），京东到家降 中性 14%至15.5亿元（较我们预期低28%），京东到家虚增广告营销收入及成 本调整未影响净利润和现金余额。调整后净亏损1.6亿元，利润率-6%，对 1年股价表现 比市场1.5亿元利润预期，运营成本占收比70%，对比去年同期59%，主 DADA US 要因连锁品牌同城配送单量增加导致骑手平均成本上升。 10% MSCI中国指数 0% -10% -20%  4季度运营要点：1）京东到家：京东小时达月均下单用户同比增50%，首 -30% -40% 页点击及转化率提升推动频道DAU/GMV增100%+/200%+，搜索入口GMV -50% -60% 增30%。手机/数码/家电/家居GMV同比增100%+/50%+ /50%+/100%+，酒 -70 ...

2024 年 3月 26日公司披露23Q4 及全年业绩，23Q4 营收 27.52亿 元，同比增长 2.69%；Non-GAAP 净利润-1.59 亿元，Non-GAAP 净 利润率-5.78%，同比+0.9pct。2023 年营收105.06 亿元，同比增 长 12.16%；Non-GAAP 净利润-3.42 亿元，Non-GAAP 净利润率 -3.25%，同比+10.9pct，较 2022 年减亏 9.84 亿元。公司批准最 多4000 万美元的回购计划，为期两年。  京东到家：即时零售业态提质扩容。全年收入 64.92 亿元， 同比 4.54%，占收入比例 61.79%。深化与京东的协同，京东 小时达频道的月均下单用户同比增长50%，活跃用户数同比增 长超100%，得益于首页点击率的提升，GMV 同比增长超200%。 截至2023 年底，京东到家营业门店数超50 万家，同比增长 美元(元) 成交金额(百万元) 超过100%，在保持与大型连锁商家深度合作的同时，拓展与 11.00 50 头部连锁便利店的合作，便利店的GMV 23Q4 同比增长超过4 45 9.00 40 倍。23Q4 数码产品、家电的 ...

Dada Nexus Limited (NASDAQ:DADA) Q4 2023 Results Conference Call March 25, 2024 9:30 PM ET Company Participants Caroline Dong - Head of IR Bing Fu - Interim President Henry Jun Mao - CFO Conference Call Participants Lei Zhang - Bank of America Thomas Chong - Jefferies Wei Xiong - UBS Operator Good morning, ladies and gentlemen. Thank you for standing by for Dada's Fourth Quarter and Fiscal Year 2023 Earnings Conference Call. At this time all participants are in a listen only mode. After the management's pre ...

SHANGHAI, China, March 22, 2024 (GLOBE NEWSWIRE) -- Dada Nexus Limited (NASDAQ: DADA, “Dada” or the “Company”), China’s leading local on-demand retail and delivery platform, today announced that it will release its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2023, on Monday, March 25, 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 Monday, March 25, 2024 (9:30 a.m. Beijing time on Tu ...