DADA - Dada's Loss Narrows As It Cleans House
2024-03-26 07:30:00 ET
Summary
- Dada Nexus reported that its revenue rose slightly in the fourth quarter, as strong growth for the smaller of its two core businesses offset a slump at its larger JDDJ service.
- On an annual basis, Dada’s revenue increased 12.2% year-on-year to 10.5 billion yuan, while its net loss narrowed slightly to 1.96 billion yuan from just over 2 billion yuan in 2022.
- The company’s stock price closed 9.52% higher in Monday trade in New York before the after-market announcement.
The intra-city delivery arm of JD.com said its revenue rose slightly in last year's fourth quarter, as it seeks to get back on track after a recent accounting scandal ...
Dada's Loss Narrows As It Cleans House