JD.com-owned Dada Group Delivers Strong Q1 Results Boosted by Demand in Lower-Tier Markets

(Source: BJNews) 

Chinese on-demand delivery and retail platform Dada Group on Tuesday reported a 52% jump in first quarter revenue from a year earlier, as the company tries to expand its network to the country’s lower-tier cities and rural areas.

Dada achieved total net revenue of 1.7 billion yuan ($265.92 million) in the quarter ending on March 31, beat…