Dada Nexus Ltd. (DADA) has released an update.
Dada Nexus Ltd., a leader in China’s on-demand retail and delivery sector, reported a 2.7% increase in Q4 2023 revenues and a 12.2% increase for the fiscal year, despite a net loss that widened from the previous year. The growth was attributed to a surge in intra-city delivery services, even as the company faced higher costs and a significant impairment loss. The mixed results reflect both the challenges and opportunities in the evolving on-demand delivery market.
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