Financial PerformanceDada printed a better-than-expected 2Q24 with total revenues exceeding estimates, driven by 47% year-over-year growth in Dada Now.
Management ChangeThe newly elected Chairman, Mr. Kevin Qing Guo, is viewed as a positive addition to the board and could bring valuable advice on high-level strategic direction.
Market PotentialDADA’s on-demand fulfillment assets are attractive given the large total addressable market of local commerce in China and low penetration.