Dada group: Gmv doubled and orders exceeded 1 billion

category:Finance
 Dada group: Gmv doubled and orders exceeded 1 billion


As of September 30, 2020, the companys cash and cash equivalents, restricted funds and short-term investment amounted to RMB 3.7 billion, an increase compared with RMB 2.114 billion as of December 31, 2019.

It is worth noting that the market share of Jingdong home and dada express delivery is increasing. According to the data of iResearch, in the first nine months of 2020, Jingdong Jiajia ranked first in the market share of Chinas local retailers super o2o platform, increasing from 21% in 2019 to 24%; dada express continued to consolidate the leading position of Chinas social intra city distribution platform, and its market share increased from 19% to 24% in 2019.

Kuai Jiaqi, founder, chairman of the board of directors and CEO of dada group, said that Chinas retail e-commerce has ushered in the third stage. The penetration rate of retail e-commerce is only 20%, and the remaining 80% of the traditional retail industry is e-commerce and micro distance oriented, that is, to realize the one hour real-time retailing and promote the increasing demand for instant distribution. New business flow is driving new logistics, dada group is relying on the new flow, mining the track dividend.

According to the financial report, in the third quarter of 2020, the revenue of dada express delivery platform increased by 81.3% year-on-year to 719 million yuan, and the revenue in the same period of 2019 was 397 million yuan. The revenue of Jingdong home platform increased 91% year on year to 583 million yuan, and the revenue in the same period of 2019 was 305 million yuan.

In the third quarter financial report conference call, Kuai Jiaqi pointed out that with the increasing market share of Jingdong home and dada express, the dual platform has further consolidated its position in their respective industries, especially in the accelerated development of Chinas sinking market, and continued to win the recognition of consumers.

Jingdong home, however, benefited from the increase in the unit price of customers and the number of active consumers, and the total transaction volume (Gmv) of the platform increased by 90.7% compared with the same period last year. As a result of increasing brand promotion activities, the increase of online marketing service revenue also contributed to the growth of Jingdong home platform revenue.

In terms of the sinking market, Jingdong home has more than 100000 offline stores and many brands, covering more than 1200 counties, districts and cities for the first time. The sinking market has become a major growth pole of the platform. The sales volume of the third and fourth tier cities is 4.4 times that of last year. In the 12 months up to September 30, 2020, the number of active consumers of Jingdong home platform was 37.3 million, and that of the same period as of September 30, 2019 was 21.1 million, with a year-on-year increase of 77.1%.

The delivery order volume has exceeded one billion, and dada Express has promoted the customized transportation capacity of crowdsourcing + in store

From 10:00 to 11:00 on November 11, the number of delivery orders of dada express delivery platform exceeded 1.1 million, breaking the record of one hour peak volume of the platform in the same period. On November 12, the delivery order volume of dada platform exceeded 10 million, setting a new record of platform peak value. While the number of distribution orders repeatedly broke the record, dada express also guaranteed the timely and efficient performance of orders. From November 1 to 12, the overall delivery performance rate of the platform reached more than 99%.

In the third quarter financial report, dada Express has also handed over the report card of delivery orders exceeding one billion in the 12 months up to September 30, 2020. According to the financial report, while carrying out deep cooperation with Jingdong Logistics, dada express also provides terminal distribution services for many express logistics enterprises such as deppon express and Jitu.

Up to now, dada express service has covered more than 2500 counties, districts and cities in China. Not only as a supplement to the express terminal, in July this year, dada express launched the dada express whole heart delivery service upgrade project for chain stores nationwide to ensure the efficient delivery of various orders. The star sky early warning tool, logistics open platform, ark operation system and other subsystems realize timely early warning, efficient operation and rapid deployment of all channel orders and transport capacity.

By the end of the third quarter, dada Expresss b-end customers include McDonalds, KFC, zhenkungfu, Miss Fu in Chengdu, Naixues tea, Zunbao pizza, Baiguoyuan, quanyuantang and many other catering and pharmaceutical chain brands.

The growth of dada groups businesses is driven by Internet gene and technology. Yang Jun, co-founder, director and chief technical officer of dada group, once said that in the era of real-time retail, each store will produce personalized delivery performance demands, which requires the real-time logistics platform to analyze the supply and demand situation based on the store dimension, and then match the corresponding transport capacity. Dada express innovates and upgrades the customized mixed transport capacity mode. Through the intelligent analysis of the performance big data, it can be concluded that According to the performance timeliness requirements of stores, order categories, single volume changes, peak time and other characteristics, dynamic matching of crowdsourcing capacity or crowdsourcing + store capacity is realized to realize the effective complementarity of different transport capacity modes.

That is, the market will meet the strategic opportunities, and the new business flow will drive the new logistics

In 2016, dada express and Jingdong Jiajia completed the merger. Kuai Jiaqi disclosed in a recent interview that after the merger of dada express and Jingdong Jiajia, dada group has expanded from a simple distribution platform to an instant distribution and retail platform. At present, our vision is to do micro distance e-commerce, and the foundation of micro distance e-commerce is instant distribution, so we start with instant distribution, and we are very clear that we will definitely go to instant retail..

As the first enterprise to invest in the field of instant distribution, dada group successfully went to the U.S. on June 5, 2020. Relying on the three major distribution networks of landing distribution, instant distribution and personal distribution, dada group provides the end of life distribution solutions for the retail industry. After the third quarter financial report was released, as of press release, dada groupuff08 DADA.US uff09It rose 30.46% to $43.81.

Kuai Jiaqi said that Chinas retail e-commerce has ushered in the third stage, that is, the era of micro distance e-commerce. The micro distance e-commerce is more based on offline stores within three kilometers of the local area. With the rapid development of retail in the same city, great changes have taken place in business flow and logistics. Taking fresh retail as an example, according to the data of prospective industry research institute, the transaction scale of fresh food retail in China will reach 5.1 trillion yuan in 2019, and the fresh food industry will still maintain stable growth, and the overall market growth rate will remain at about 3%.

New business flow is driving new logistics, dada group is relying on the new flow, mining the track dividend. During the double-11 period, the daily delivery orders of dada express exceeded 10 million, which not only confirmed that the industry entered a period of rapid development, but also showed that dada express began to make continuous efforts in the whole scene layout. Entering a new era of instant consumption, intra city distribution has a bright future. Supermarkets, fresh food, medicine, catering and other major brands have launched online channels. As a key link to link consumers, the strength of distribution service determines whether the brand can successfully go online. Different brands also have a lot of personalized demands for performance effectiveness. Only more customized transport capacity can help businesses reduce costs while ensuring distribution efficiency. At present, dada express is based on the accumulation of big data in real-time distribution for many years, and relies on hundreds of thousands of active knights with extensive distribution on the platform to match the high-quality crowdsourcing capacity for stores, so as to ensure the rapid response of orders and reliable delivery. Source: Yang Qian, editor in charge of Beijing News_ NF4425

New business flow is driving new logistics, dada group is relying on the new flow, mining the track dividend. During the double-11 period, the daily delivery orders of dada express exceeded 10 million, which not only confirmed that the industry entered a period of rapid development, but also showed that dada express began to make continuous efforts in the whole scene layout.

Entering a new era of instant consumption, intra city distribution has a bright future. Supermarkets, fresh food, medicine, catering and other major brands have launched online channels. As a key link to link consumers, the strength of distribution service determines whether the brand can successfully go online. Different brands also have a lot of personalized demands for performance effectiveness. Only more customized transport capacity can help businesses reduce costs while ensuring distribution efficiency.

At present, dada express is based on the accumulation of big data in real-time distribution for many years, and relies on hundreds of thousands of active knights with extensive distribution on the platform to match the high-quality crowdsourcing capacity for stores, so as to ensure the rapid response of orders and reliable delivery.