Dada Nexus reports 12-month revenue increase

Dada Nexus Ltd, China's leading local on-demand delivery and retail platform, reported its total net revenues reached 1.7 billion ($266 million) in the third quarter of this year, up 86.4 percent year-on-year.

Total gross merchandise volume of JD Daojia, the on-demand retail platform of Dada Group for the 12 months ending Sept 30 was 37.2 billion yuan, an increase of 74.6 percent year-on-year.

The number of active consumers on JD Daojia for the 12 months ending Sept 30 was 57.1 million, compared with 37.3 million in the same period ending in 2020.

In October, Dada Group and JD jointly launched a one-hour delivery service "Shop Now". Through Shop Now, users can access on-demand services via multiple channels on JD, including the "nearby" tab on the homepage of JD's app.

"Dada has always been committed to driving digital transformation in the retail industry and providing consumers with superior experiences to meet the evolving demands," said Philip Kuai, chairman and CEO of Dada.

"We are excited to strengthen strategic cooperation with JD under the omni-channel strategy to explore the enormous potential in the on-demand retail industry. We will continuously work together to create more value for retailers, brands and consumers and serve the development of the real economy," Kuai added.