Consumer Staples Nov 20, 2020 09:40 AM (GMT+8) · EqualOcean
In the morning of November 20, Beijing time, dada group (NASDAQ: dada), a local instant retail and distribution platform, released its unaudited financial report for the third quarter ending September 30. According to the financial report, dada group's revenue in the third quarter was 1.302 billion yuan, up 85.5% year-on-year, exceeding market expectations. In the 12 months up to September 30, 2020, the order volume of dada express delivery was 1 billion, with a year-on-year increase of nearly 60%; the total transaction volume (Gmv) of Jingdong home platform was 21.3 billion yuan, with a year-on-year increase of 102.9%. In the third quarter, the number of active users increased from 21.1 million to 37.3 million. In the third quarter, the revenue of dada express delivery platform increased by 81.3% to 719 million yuan, and that of the same period in 2019 was 397 million yuan; the revenue of Jingdong Jiajia platform increased by 91% to 583 million yuan, and the revenue in the same period of 2019 was 305 million yuan.
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