D

Dada Nexus Limited
D

DADA

1.34000
USD
-0.02
(-1.47%)
Market Closed
Volume
14,423
EPS
-0
Div Yield
-
P/E
-1
Market Cap
348,138,604
OverviewSignalsIdeasNews
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Title: Dada Nexus Limited

Sector: Consumer Cyclical
Industry: Internet Retail
Dada Nexus is a leading crowdsourced delivery service in China. The company has two core businesses, Dada Now, which is an on-demand delivery platform that provides last-mile and intracity services; and JD Daojia, or JDDJ, which is an online on-demand retail platform that connects consumers to merchants with its delivery capabilities. As of 2022, Dada Now accounted for 34% of revenue while JDDJ accounted for the rest. JDDJ and Dada Nexus merged in 2016, where JD.com received47.4% ownership of the merged entity in exchange for its JDDJ business. As of June 2023, JD.com and Walmart Inc own 53.9% and 9.3% of Dada Nexus, respectively. Dada Nexus competes with other logistics companies such as SF Intra-City, with Didi in its delivery business, and with Meituan in its on-demand retail segment.