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On May 11th, Dada Group released its Q1 2023 financial results. In the first quarter, Dada Group's total revenue reached RMB 2.6 billion (about USD 370 million), a year-on-year increase of 27%. The adjusted net loss rate narrowed by over 16 percentage points compared to the same period last year.
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.
On January 8th, JD.com announced that its subsidiary Dada Nexus Limited had discovered some suspicious activities during a routine internal audit.
Chinese on-demand delivery and retail platform Dada Nexus today filed with the US Securities and Exchange Commission, aiming to be listed on the Nasdaq stock market with the code “DADA.”