An internal letter from the CEO of delta stock listing: instant retail will be the biggest historical opportunity
On the eve of the NASDAQ listing of dada group, Kuai Jiaqi, founder, chairman of the board of directors and CEO of dada group, said in an internal letter: JD home and dada express have grown into the largest local instant retail and open distribution platform in China. We adhere to the original intention and vision of thousands of good things are instantly available, and strive to create better shopping and lifestyle for Chinese consumers.
Kuai Jiaqi said that Chinas e-commerce has developed rapidly for 20 years, and many excellent enterprises have emerged, but together they only account for 20% of the total retail sales, while 80% of them are still offline. Instant retailing and the local e-commerce of retailing will be our greatest historical opportunity.