Dada Nexus (DADA) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Dada Nexus reported impressive growth in the third quarter of 2024, with a significant year-over-year increase in revenue for its Dada NOW platform, driven by a surge in intra-city delivery services. Despite a drop in JD NOW revenues due to changes in advertising and fulfillment services, the company’s overall efficiency improved, narrowing its net loss margins. Dada’s focus on enhancing customer experience and strengthening partnerships with chain merchants continues to fuel its robust performance in the on-demand retail and delivery market.
For further insights into DADA stock, check out TipRanks’ Stock Analysis page.