Thursday, January 28, 2021 10:12:10 AM
Dada, The Chinese Uber, Trades At 7x Sales With 57% Sales Growth
Dada delivered more than 90% sales growth in the nine months ended September 30, 2020. The company shows a significant amount of cash in hand, and there is large stock demand. I don’t believe that the company is cheap at 7x sales because Uber trades at a similar valuation. With that, investors will do good by looking very carefully at the new developments to be delivered by Dada’s management. If the new cash is used for new technology or marketing expenditures, the revenue may increase even at a larger pace.
Double Digit Sales Growth
Financed by Walmart (WMT) and JD (JD), Dada Nexus provides on-demand delivery in China.
The CEO and founder is an engineer from MIT, who sold AdChina to Alibaba and Anjuke to 58.com. In our view, the business profile of Mr Kuai, who is only 37 years old, will attract the attention of investors:
The company intends to integrate its Dada Now and JDDJ platforms into a new platform offerging on-demand retail and delivery in China. The number of tools offered to clients is overwhelming. With data mining and AI technologies, Dada offers smart order recommendations and automated order pricing technologies. On the top of it, the company also offers a rider management system that manages the behavior of millions of riders:
Recent DADA News
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 09/16/2024 08:45:08 PM
- ZTO Express Sees 10.1% Revenue Growth, Keysight Technologies Stock Rises 10%, and Latest in Earnings • IH Market News • 08/21/2024 12:13:43 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 08/21/2024 10:06:41 AM
- Dada Announces Unaudited Second Quarter 2024 Financial Results • GlobeNewswire Inc. • 08/20/2024 10:00:00 PM
- Dada Announces Certain Management Changes • GlobeNewswire Inc. • 08/20/2024 09:55:00 PM
- U.S. Index Futures Hold Steady, Oil Prices Drop • IH Market News • 08/20/2024 09:58:42 AM
- Dada to Announce Unaudited Second Quarter 2024 Financial Results on August 20, 2024 • GlobeNewswire Inc. • 08/14/2024 11:14:40 AM
- Dada Publishes 2023 ESG Report • GlobeNewswire Inc. • 05/30/2024 10:15:33 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/16/2024 11:07:24 AM
- Dada Announces Unaudited First Quarter 2024 Financial Results • GlobeNewswire Inc. • 05/15/2024 10:00:00 PM
- Dada to Announce Unaudited First Quarter 2024 Financial Results on May 15, 2024 • GlobeNewswire Inc. • 05/10/2024 01:25:07 PM
- Dada Files Annual Report on Form 20-F for Fiscal Year 2023 • GlobeNewswire Inc. • 04/22/2024 10:17:03 AM
- Dada Announces Unaudited Fourth Quarter and Fiscal Year 2023 Financial Results • GlobeNewswire Inc. • 03/25/2024 10:00:58 PM
- Dada to Announce Unaudited Fourth Quarter and Fiscal Year 2023 Financial Results on March 25, 2024 • GlobeNewswire Inc. • 03/22/2024 07:00:00 AM
- Dada Nexus Limited Sued for Securities Law Violations - Investors Should Contact The Gross Law Firm for More Information - DADA • PR Newswire (US) • 03/11/2024 10:20:00 AM
- The Gross Law Firm Notifies Dada Nexus Limited Investors of a Class Action Lawsuit and Upcoming Deadline • PR Newswire (US) • 03/07/2024 10:45:00 AM
- These Shares Caught A Major Bid Following Internal Review Of 'Suspicious Practices' • AllPennyStocks.com • 03/06/2024 02:35:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 03/05/2024 09:37:15 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 03/05/2024 09:32:04 PM
- Class Action Filed Against Dada Nexus Limited (DADA) Seeking Recovery for Investors - Contact The Gross Law Firm • PR Newswire (US) • 02/26/2024 10:45:00 AM
- Dada Nexus Limited Sued for Securities Law Violations - Contact The Gross Law Firm Before March 11, 2024 to Discuss Your Rights - DADA • PR Newswire (US) • 02/15/2024 10:10:00 AM
- The Gross Law Firm Reminds Shareholders of a Lead Plaintiff Deadline of March 11, 2024 in Dada Nexus Lawsuit - DADA • PR Newswire (US) • 02/09/2024 10:45:00 AM
- FILING DEADLINE--Kuznicki Law PLLC Announces Class Action on Behalf of Shareholders of Dada Nexus Limited - DADA • PR Newswire (US) • 02/08/2024 03:45:00 AM
- The Gross Law Firm Notifies Shareholders of Dada Nexus Limited of a Class Action Lawsuit and a Lead Plaintiff Deadline of March 11, 2024 - (NASDAQ: DADA) • PR Newswire (US) • 02/02/2024 10:45:00 AM
- FILING DEADLINE--Kuznicki Law PLLC Announces Class Action on Behalf of Shareholders of Dada Nexus Limited - DADA • PR Newswire (US) • 01/27/2024 03:55:00 AM
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