AllAnalyst Report
logoMorningstarMarch 26, 2024

Dada Nexus Limited: Dada Earnings: Questions Linger Despite Addressing Revenue Irregularities; Governance Risks Remain

Symbols
DADA
Sector(s)
Consumer Cyclical
Rating
Current Price
$2.01
Fair Value
Economic Moat
Stewardship
Summary

Dada Nexus is a leading crowdsourced delivery service in China. The company has two core businesses, Dada Now, which is an on-demand delivery platform that provides last-mile and intracity services; and JD Daojia, or JDDJ, which is an online on-demand retail platform that connects consumers to merchants with its delivery capabilities. As of 2022, Dada Now accounted for 34% of revenue while JDDJ accounted for the rest. JDDJ and Dada Nexus merged in 2016, where JD.com received 47.4% ownership of the merged entity in exchange for its JDDJ business. As of June 2023, JD.com and Walmart Inc own 53.9

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