Dada group achieved revenue of 1.302 billion yuan in the third quarter, with revenue growth exceeding market expectations
After U.S. stock market on November 19, dada group released its third quarter performance report. According to the financial report, the net income of dada group increased 85.5% to 1.302 billion yuan (RMB), which was higher than the consensus expectation of (1.286 billion yuan) by the same period of the same period, which was in line with the guidance range given before. In the 12 months up to September 30, 2020, the annual delivery order volume of dada express was 1 billion, which was 636 million in the same period of last year, with a year-on-year increase of nearly 60%; the annual Gmv contributed by Jingdong Jiajia increased to 21.3 billion yuan, with a year-on-year growth of 102.9%; the number of active users in the third quarter increased from 21.1 million to 37.3 million.
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