Shanghai-based Dada Nexus (DADA) operates two businesses: Dada Now - a local on-demand delivery platform - and JDDJ (aka JD Daojia, JD.com's (JD) subsidiary), an online on-demand retail platform. Riding on the wave of new retail, drawing on the synergy created by the combination of online operators and offline retailers, Dada Nexus has applied for an IPO in mid-May.
The cut-throat local delivery/food delivery market in China
Take a glimpse at China's on-demand delivery market, where Dada Nexus plays a significant role.
The instant delivery market reached CNY 98 billion GMV in 2018, with 13.4