JD.com’s (NASDAQ:JD) DADA delivers strong Q1 revenue
$JD.com (JD.US)$’s DADA, a Lower-Tier city focused delivery service, brought in strong Net Revenues of 1.7 Billion Yuan (US $265 million) for the quarter ending March 31st.
DADA is 51% owned by JD.com after a recent top up investment of US$ 800 million in March.DADA and JD Daojia’s merged entity DADA-JD Daojia (JDDJ) is providing grocery deivery services in 1,500 cities, districts, and counties across lower tier markets.
What does this mean for JD.com
DADA is 51% owned by JD.com after a recent top up investment of US$ 800 million in March.DADA and JD Daojia’s merged entity DADA-JD Daojia (JDDJ) is providing grocery deivery services in 1,500 cities, districts, and counties across lower tier markets.
What does this mean for JD.com
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