JD.Com's 'Hourly Purchase' Plan Boosts Dada Group's Revenue Growth

Looking ahead to the fourth quarter of 2021, Dada Group expects its total revenue, assuming Dada Express's Last-mile delivery services perform consistently, to grow 88% to 97% YoY.

aerial photography of mall interior

Photo by Viktor Bystrov on Unsplash

On October 12, JD.com's 'hourly purchase' business, jointly created by JD.com and Dada Group, was officially released. The merchant resources of JD Daojia can be connected to the 'nearby' entrance of JD's main website. After users place orders through the JD website, the later order delivery service will be completed by Dada Group.

Dada Group was founded in 2014 as a local instant retail and delivery platform. Dada Express is the local instant delivery platform of Dada Group, providing merchants and consumers with omnichannel fulfillment solutions and local instant delivery services integrating warehousing, picking and distribution.

At present, Dada Express has covered more than 2,300 counties, districts, and cities in China, serving more than 1.4 million merchant users and 70 million individual users. Relying on the distribution of Dada Express and its massive retail partners, JD Express now provides consumers with a one-hour delivery service for products, including supermarket convenience, fresh fruits, vegetables, medicine, cake baking, flowers, and other goods.

Disclaimer: This article's content is intended to be used solely for informational and educational purposes, and not as investment advice. Always do your research and consider your personal ...

more
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.