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 …
FAST NEWS: Dada Nexus plummets after company uncovers suspect finances
The latest: Local on-demand delivery platform Dada Nexus Ltd. (DADA.US) announced Monday that a routine internal audit uncovered “suspicious practices … that may cast doubt on certain revenues from the company’s online…
Dada Nexus rides closer to JD.com’s orbit with management shakeup
The intra-city delivery company named a new chairman and CFO, both with close ties to JD Logistics Key Takeaways: Dada Nexus has appointed two JD Logistics veterans as its new…
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…
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…
Dingdong Sticks to Profit Delivery Promise by Year End
The online grocer trimmed its non-GAAP net loss by 86% in the third quarter, but also reported its first-ever revenue decline as it focused on cost controls and higher-margin productsKey…
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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