Dada Group's Q3 revenue of 2.9 billion yuan in 2023 increased by 20% over the same period last year, and JD.com had more than 400000 stores.

According to CTOnews.com news on November 15, Dada Group today released its unaudited results for the third quarter of fiscal year 2023 ended September 30, 2023. The total revenue in the third quarter was 2.9 billion yuan, an increase of 20% over the same period last year, and the adjusted net profit margin increased by 11 percentage points compared with the same period last year. CTOnews.com attached

JD.com 's revenue from the platform in the third quarter was 1.8 billion yuan, up 16 percent from the same period last year. In the 12 months to September 30, 2023, the total transaction volume of JD.com 's platform (GMV) was 73.1 billion yuan, up 24 percent from the same period last year. JD.com has more than 400000 stores.

The revenue of Dada Express platform in the third quarter was 1.1 billion yuan, up 29% from the same period last year, while Dada Express active Knight increased by more than 20% in the third quarter compared with the same period last year. CTOnews.com attached official performance table:

During the period of 11.11, the "hourly arrival of all products" became a bright spot of growth. JD.com 's turnover increased by 45% on the same day last year, and the total order volume of Dada Express delivery reached a new high of 200 million during the period of 11.11.

Chen Zhaoming, Dada's chief financial officer, said: "adhering to the balanced growth strategy, we achieved encouraging revenue and net profit in the third quarter of 2023. Our revenue grew 20 per cent in the third quarter compared with the same period last year, while our non-GAAP net profit margin continued to increase by 11 percentage points. Looking ahead, we are confident that O2O penetration and business model profitability will continue to improve."