Dada Nexus Ltd. Sponsored ADR(DADA.US) Q3 order volume accelerates, with JD.com, Inc. Sponsored ADR Class A achieving a new peak for online order volume during the Double 11 period.

The instant retail and delivery platform Dada Nexus Ltd. Sponsored ADR (DADA.US) released its third quarter financial report after market close on November 13th, Eastern Time. The data shows that the company's Q3 revenue was 2.4294 billion yuan, compared to 2.6218 billion yuan in the same period last year. The basic and diluted loss per share was 0.19 yuan, compared to a loss of 0.16 yuan per share in the same period last year. By business segment, Dada Instant Delivery platform's Q3 revenue increased by 38.6% year-on-year to 1.4992 billion yuan, compared to 1.0816 billion yuan in the same period last year, with the growth mainly driven by an increase in same-city instant delivery service orders provided to various chain merchants. JD.com, Inc. Sponsored ADR Class A's Instant Delivery platform had a Q3 revenue of 0.9302 billion yuan, compared to 1.5403 billion yuan in the same period last year, primarily due to a decrease in online advertising and marketing service revenue, as well as a reduction in fulfillment service and other income due to the introduction of a fee waiver plan for orders over 29 yuan since February 2024. However, the monthly average number of users and order volume in the JD.com, Inc. Sponsored ADR Class A app field continued to maintain a rapid growth momentum, with a year-on-year growth rate exceeding 100% for both. In addition, the penetration rate of Instant Delivery among JD.com, Inc. Sponsored ADR Class A users continued to increase month-on-month. During the recent JD.com, Inc. Sponsored ADR Class A 11.11 period, the online order volume peak for Instant Delivery once again reached a historic high. Dada Instant Delivery orders continued to show strong growth, with revenue growing by 46% year-on-year in the first 9 months of this year. Furthermore, thanks to development strategies and efficiency optimization measures, the company's GAAP and Non-GAAP net loss rate decreased by 4.1% and 3.7% respectively compared to the previous quarter. The continued narrowing of losses on a quarter-on-quarter basis highlights the continuous improvement in profitability. As of the time of writing, after the Monday trading session, Dada Nexus Ltd. Sponsored ADR rose by 4.46% to $1.64.