Dingdong Posts First-Ever Profit on Cost Slashing, Upmarket Move
China’s leading online grocer earned a fourth-quarter profit on both a net and adjusted basis, as its marketing spending tumbled 75%Key Takeaways:Dingdong posted its first-ever profit in the fourth quarter,…
Dada Delivers Big Returns as U.S. Investors Return to China Stocks
The local delivery company’s shares have nearly doubled this week, joining a small but growing group of U.S.-listed China stocks that are regaining investor favorKey Takeaways:Dada Group’s shares nearly doubled…
FAST NEWS: Dada’s Revenue Soars, But High Costs Lead to More Losses
The latest: Local on-demand delivery and retail platform Dada Nexus Ltd. (DADA.US) reported its revenue rose 41.1% to 2.38 billion yuan ($332 million) in the third quarter, while its gross…
As Omicron Subsides, Dada Nexus Could Be Riding Into E-Commerce Gilded Era
The company should benefit from growing demand for local delivery services as consumers become accustomed to receiving goods at home during Covid-19 lockdowns Key takeaways: • Dada Nexus’ revenue grew…
JD.com Pays Big Premium for Majority Control of Dada Nexus
E-commerce giant said it has boosted its stake in the local delivery company to 52% from 46%, after getting regulatory approval for a deal first announced a year ago Key…
Dada’s Record ‘Single’s Day’ Performance Fails to Hide Yawning Losses
Company reported its loss widened to 543 million yuan in the third quarter, following record sales and deliveries on China’s top shopping festival earlier in November Key Takeaways: Dada’s net…
JD’s Dada Puts More Stock in Grocery Basket
Company’s JDDJ e-commerce delivery service grows at twice the rate of its Dada Now general delivery service in fourth quarter By Doug Young E-commerce giant JD.com (Nasdaq: JD) has no…
