SHANGHAI, Nov. 25, 2020 /PRNewswire/ -- Dada Group
(Nasdaq: DADA) ("Dada" or the "Company"), China's leading local on-demand delivery and
retail platform, is pleased to announce that Phillip Kuai, Dada's Founder, Chairman and Chief
Executive Officer, attended and delivered remarks at China Chain
Store & Franchise Association's ("CCFA") 2020 China National
Retail Congress in Shanghai on
November 19. In his address, Mr. Kuai
discussed how Dada's model delivers value to retailers, brands and
consumers by shaping a new era of local on-demand retail in
China.
With more than 1000 enterprise members, CCFA is China's national representative for the retail
and franchise industry. Its functions include participating in
policymaking discussions, safeguarding the interests of the
industry, providing professional trainings and information for
members, and establishing platforms for exchange and
cooperation.
China National Retail Congress is the most influential series of
seminars and exchange events in China's chain store and retail industries.
This event gathers top industry players to exchange experiences and
explore insights on the most prevalent topics in the industry. It
has become an important indicator for the industry's development
and a hotspot for corporate innovation.
Mr. Kuai's remarks were titled "Embracing the New Decade: The
Age of Micro E-commerce." He opened with a discussion around the
evolution of e-commerce in China
and shared insights into Dada's focus on building a low-cost,
highly-efficient logistics infrastructure, expanding the Company's
brand and retailer partnerships and the increasing market potential
of online on-demand retail.
"From long-distance to short-distance e-commerce, and now the
era of micro e-commerce, the retail landscape in China has been steadily developing for more
than 20 years, yet only a small percentage of that activity
currently takes place online," noted Mr. Kuai. "With 80% of
retailing activities in China
still happening offline rather than online, Dada believes that
digitization and the implementation of on-demand delivery are key
opportunities to further advance e-commerce in China in the years to come."
In 2014, Dada founded Dada Now, an open local on-demand delivery
platform. Leveraging cutting-edge proprietary technologies and deep
insights into the logistics industry, Dada Now has developed into a
leading local on-demand delivery platform in China open to merchants and individual senders
across various industries and product categories. In 2016, Dada
extended its core capabilities from local on-demand delivery to
local on-demand retail by acquiring JDDJ, the former local retail
platform and a strategic asset of JD Group. JDDJ has since quickly
built its reputation by delivering top-notch services to retailers
and brand owners and offering a high-quality on-demand retail
experience for consumers.
As a leading platform for local on-demand retail and delivery,
Dada Group is committed to never competing with retailers and
brands. Instead, it empowers them, as well as its consumers, with
its smart logistics systems and efficient home-delivery shopping
service. Utilizing omni-channel digital solutions, crowdsourcing
capabilities and the latest technological advancements, Dada's
lightweight and scalable platform pairs riders with orders,
monitors each order in real time and provides quality assurance to
the benefit of brands, retailers and customers alike.
"China's supply chains are
highly complex, especially as it relates to the perishable nature
of categories such as fresh foods," Mr. Kuai commented. "We're one
of the only platforms in the Chinese e-commerce space that doesn't
have any supply chains or inventory. Instead, we collaborate with
supermarkets and other leading retailers that are already managing
their inventories well. Because of this dynamic, we effectively
empower our retail partners and earn their trust."
Earlier this month, Dada reported strong financial results for
the third quarter. Both JDDJ and Dada Now increased their market
share year-over-year, a testament to the strength of these unique
platforms and the continued opportunities for growth. Additionally,
during the 2020 Singles Day Festival in November, Dada Now set a
single-day delivery record of 10 million orders and JDDJ's sales
reported on Singles Day more than doubled year-over-year.
Mr. Kuai concluded, "We founded Dada six years ago with a
mission to bring people everything on-demand. Since then, Dada has
played a critical role in expanding the Chinese online economy and
digitizing traditionally offline retail platforms. We firmly
believe that the era of micro e-commerce in China is beginning to take hold and we see
significant potential to continue transforming the world of
e-commerce we know today."
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. In June
2020, Dada Group began trading on the Nasdaq Global Market,
under the ticker symbol "DADA."
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
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SOURCE Dada Group