NEWS WRAP: Dada’s loss narrows as it cleans house
The intra-city delivery arm of JD.com said its revenue rose slightly in last year’s fourth quarter, as it seeks to get back on track after a recent accounting scandal …
Cloopen closes the book on fraud case, looks to rebuild
The U.S. securities regulator charged the cloud services provider with fraud for falsifying revenue, but didn’t impose any fine due to the company’s cooperation in the investigation Key Takeaways: The…
Dada Nexus rides to profits, but tamps down high expectations
The provider of intracity delivery services recorded its first-ever profit on a non-GAAP basis in the second quarter, as its revenue grew 23% Key Takeaways: Dada Nexus recorded its first…
Dingdong Posts First-Ever Profit on Cost Slashing, Upmarket Move
China’s leading online grocer earned a fourth-quarter profit on both a net and adjusted basis, as its marketing spending tumbled 75%Key Takeaways:Dingdong posted its first-ever profit in the fourth quarter,…
Dada Delivers Big Returns as U.S. Investors Return to China Stocks
The local delivery company’s shares have nearly doubled this week, joining a small but growing group of U.S.-listed China stocks that are regaining investor favorKey Takeaways:Dada Group’s shares nearly doubled…
FAST NEWS: Dada’s Revenue Soars, But High Costs Lead to More Losses
The latest: Local on-demand delivery and retail platform Dada Nexus Ltd. (DADA.US) reported its revenue rose 41.1% to 2.38 billion yuan ($332 million) in the third quarter, while its gross…
As Omicron Subsides, Dada Nexus Could Be Riding Into E-Commerce Gilded Era
The company should benefit from growing demand for local delivery services as consumers become accustomed to receiving goods at home during Covid-19 lockdowns Key takeaways: • Dada Nexus’ revenue grew…
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