Dada Nexus Shows Strong Q3 Growth Amidst Shifting Revenues
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Dada Nexus (DADA) has released an update.
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.
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