Dada successfully landed on Nasdaq, priced at $16, with a total market value of $3.499 billion

category:Internet
 Dada successfully landed on Nasdaq, priced at $16, with a total market value of $3.499 billion


It is worth noting that dada group will become the first instant retail stock listed in the United States by China, and also the first Chinese enterprise listed after the US Senate passed the Accountability Act for foreign companies.

According to the prospectus, dada groups revenue has continued to grow at a high speed in the past three years, and the growth rate of revenue in the first quarter of 2020 has further increased to 109%. In the past three years, with the accelerated growth of income, the loss rate has narrowed significantly. In 2019, the adjusted net loss rate was significantly optimized by nearly half to 45.8%. On this basis, the loss rate continued to be significantly optimized to 17.6% in the first quarter of 2020, and the profitability continued to improve.

Founded in June 2014, dada group has two core business platforms: local instant delivery platform dada express and local instant retail platform JD home. According to the report of airy consulting quoted in the prospectus, the market share of the two platforms in social instant delivery and super instant retail is the first. As of the first quarter of 2020, dada Express has covered more than 2400 counties, districts and cities, and Jingdong home has covered more than 700 counties, districts and cities. In the 12 months ended March 31, 2020, dada Express has delivered more than 822 million orders, more than 634000 platform active knights, and the peak order volume in 2019 has exceeded 9.2 million. The number of active stores on Jingdong home platform is 89000, and the number of active users is 27.6 million. (one orange) extended reading new official takes office! Which three fires will oppo China President Liu Bo burn? Musk bombards the richest man Bezos on Twitter: spin off Amazon! Apples share price hit a new high! Report 326.7 USD with a total market value of 1.41 trillion USD source: Qiao JunJing, editor in charge of Netease Technology Report_ NBJ11279

As of the first quarter of 2020, dada Express has covered more than 2400 counties, districts and cities, and Jingdong home has covered more than 700 counties, districts and cities. In the 12 months ended March 31, 2020, dada Express has delivered more than 822 million orders, more than 634000 platform active knights, and the peak order volume in 2019 has exceeded 9.2 million. The number of active stores on Jingdong home platform is 89000, and the number of active users is 27.6 million. (one orange)