SHANGHAI, July 24, 2020 /PRNewswire/ -- Dada Group
(Nasdaq: DADA) ("Dada"), China's
leading local on-demand delivery and retail platform, and China
Resources Vanguard ("CR Vanguard"), China's largest supermarket chain enterprise
group, today announced that they have expanded their strategic
partnership, with a focus on omni-channel fulfillment, product
management, user operation and marketing. To commemorate this
milestone, Philip Kuai, Founder,
Chairman and CEO of Dada Group, and Hui
Xu, General Manager of CR Vanguard, signed a new partnership
agreement at a ceremony at Dada's Shanghai headquarters.
With a vision to "Bring People Everything On Demand," Dada Group
operates through two complementary business platforms - Dada Now
and JDDJ. Dada's marketplace model provides retailers with
technology-enabled solutions to improve efficiency and consumers
with a broad product selection and convenience. In June 2020, Dada Group began trading on the Nasdaq
Global Market, under the ticker symbol "DADA."
CR Vanguard is an excellent retail chain enterprise group that
is part of CR Group, a Fortune Global 500 enterprise. It owns
several famous brands, such as CR Vanguard, Suguo, Ole', blt, V+,
Tesco express, and V>nGO, among others. Earlier this month, CR
Vanguard was ranked first on the China Chain Store & Franchise
Association's list of the "Top 100 Chinese Supermarket Chains in
2019." Nearly 60 supermarkets included on the list have partnered
with JDDJ, Dada's local on-demand retail platform.
The two companies initially established a comprehensive
partnership in 2018 and have achieved significant momentum with
more than 1,600 CR Vanguard stores having been integrated into
JDDJ. Since the partnership began, CR Vanguard's sales have grown
rapidly, with a sevenfold increase in 2019 compared to 2018, and
the company recently set a record for single-day sales on
July 18th, 2020 on
JDDJ.
Dada and CR Vanguard have and will continue to work together to
strengthen the companies' omni-channel retail and fulfillment
solutions, delivery services, products and technology, while
enhancing the overall user experience. Initiatives include:
- Fulfillment: JDDJ provides CR Vanguard with integrated
fulfillment solutions, including full warehouse, half warehouse,
and store warehouse, to promote performance efficiency and reduce
picking costs. Additionally, Dada Now, Dada Group's local on-demand
delivery platform, provides omni-channel delivery services to CR
Vanguard's stores, including on-demand and intra-city delivery
services.
- Products: JDDJ's smart product assortment and inventory
management system will improve the efficiency of product operations
and expand the reach of CR Vanguard's platform.
- User Base: CR Vanguard launched its first membership
program on a third-party platform on JDDJ in April, and the number
of members has increased by 14.6 times in the past two months.
- Marketing: JDDJ and CR Vanguard will work in tandem to
create an annual Omni-channel Shopping Festival. CR Vanguard will
support the event with more products, brands, and online to offline
promotional resources.
"This expanded partnership is a testament to all the successes
we have achieved together over the past two years as well as our
confidence in the many opportunities for collaboration ahead," said
Mr. Kuai. "We recognize the impact improving efficiencies, reducing
costs, and expanding user base can have for our partners and we are
excited to continue to advance how CR Vanguard serves its
customers. Together, we will build on the impressive momentum in
the business as we find innovative solutions to better meet
consumers' on-demand needs and drive value for all of our
stakeholders."
"Dada Group has been an invaluable partner in the development
and expansion of CR Vanguard's online retail presence and digital
capabilities," said Mr. Xu. "As we continue to develop our online
to offline offerings, we look forward to leveraging the many
insights we've gained through our partnership over the last two
years for the benefit of Chinese consumers."
By prioritizing strategic partnerships, JDDJ has become a
leading on-demand retail platform in China, working with prominent retailers to
deliver digital solutions and grow their online sales. JDDJ covers
more than 700 cities and counties across China, has over 89,000 stores on its platform
and more than 27.6 million active users. In 2019, JDDJ was the
largest local on-demand retail platform in the supermarket segment
by GMV according to iResearch. JDDJ's rapid growth has continued in
2020, including during the COVID-19 pandemic as customers are
increasingly shopping for daily necessities such as groceries,
fresh produce, healthcare, and household products online.
About Dada Group
Dada Group is a leading platform of local on-demand retail and
delivery in China. It operates
JDDJ, one of China's largest local
on-demand retail platforms for retailers and brand owners, and Dada
Now, a leading local on-demand delivery platform open to merchants
and individual senders across various industries and product
categories. The Company's two platforms are inter-connected and
mutually beneficial. The Dada Now platform enables improved
delivery experience for participants on the JDDJ platform through
its readily accessible fulfillment solutions and strong on-demand
delivery infrastructure. Meanwhile, the vast volume of on-demand
delivery orders from the JDDJ platform increases order volume and
density for the Dada Now platform.
About CR Vanguard
CR Vanguard is an excellent retail chain enterprise group that
is part of CR Group, a Fortune Global 500 enterprise. It owns
several famous brands, such as CR Vanguard, Suguo, Ole', blt, V+,
Tesco express, and V>nGO, among others.
Media Contacts
Dada Group
E-mail: PR@imdada.cn
Joele Frank, Wilkinson Brimmer
Katcher
Ed Trissel / Kate Thompson / Julia
Sottosanti
Phone: 212-355-4449
E-mail: kthompson@joelefrank.com
CR Vanguard
E-mail: ppglb@crv.com.cn
View original content to download
multimedia:http://www.prnewswire.com/news-releases/dada-group-and-cr-vanguard-expand-strategic-partnership-to-further-enhance-retail-offering-301099465.html
SOURCE Dada Group