Dada Nexus Ltd

No Longer Reporting

The company has not filed an annual or quarterly report since its FY2024 20-F, filed Apr 14, 2025. Its latest SEC filing is a 15-12G from Jun 26, 2025.

The sections below describe the company as of the FY2024 annual report.

What Did They Do?

Provides on-demand intra-city and last-mile deliveries for merchants, logistics companies and individuals, and operates a local on-demand retail platform serving consumers, retailers and brand owners.

How Did They Make Money?

Retailers pay a commission when goods are delivered, and brand owners or their agents pay for advertising and marketing services when provided. Merchants, logistics companies and individual senders pay for deliveries when completed; on some bookings, Dada earns the difference between the customer’s quoted fare and the rider’s amount.

Who Were Their Customers?

Retailers use the platform to reach consumers and access retail-management and customer-marketing tools; brand owners use it for advertising and promotions. Merchants place delivery orders through the delivery platform, either directly or to fulfill retail-platform orders, and individual senders place orders directly.

Did Revenues Turn Into Profits?

No. It lost $279.3M in FY2024.

How Were They Changing?

Grew. Revenue grew 68% in 4 years, from CNY 5.7B in FY2020 to CNY 9.7B in FY2024, about 14% a year.

Who Did They Compete With?

Competes with Meituan, Ele.me, and SF Intracity