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Private company

Dada Nexus Ltd

Dada Nexus Ltd is a computer programming, data processing services company in the Cayman Islands.1 It is headquartered in Shanghai, China.1

Last updated Oct 21, 2026.

Overview

$1.3BRevenue, fiscal 20242
-$279.3MNet income, fiscal 20242
  • IndustryServices-Computer Programming, Data Processing, Etc.1
  • HeadquartersShanghai, China1
  • Incorporated inCayman Islands3
  • Business address22F, Oriental Fisherman'S Wharf, No. 1088, Yangshupu Road, Yangpu Distrct, Shanghai, F4 2000823
  • Filer categoryAccelerated filer3

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We commenced operations through Shanghai Qusheng Internet Technology Co., Ltd., or Shanghai Qusheng, and launched our Dada Now app in July 2014.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2024

-22.3%Operating margin2
-21.1%Net margin2
-10.5%Revenue growth, 20242
-56.5%Return on equity2

Where the money goes

Where each dollar of revenue went, fiscal 2024

  • Research and development4¢$49.7M
  • Other costs96¢$1.3B
  • Income tax0¢$2.3M

Out of $1.3B in revenue.2 The company lost money this year.

Financial statements

Revenue56782$1.3B in 2024+50% since 2020
0$500.0M$1.0B$1.5B2020: $879.7M$879.7M20202021: $1.1B$1.1B2021+22%2022: $1.4B$1.4B2022+26%2023: $1.5B$1.5B2023+9%2024: $1.3B$1.3B2024−11%
Operating income56782-$295.8M in 2024+9% since 2020
-$600.0M-$400.0M-$200.0M02020: -$270.4M-$270.4M20202021: -$404.7M-$404.7M2021+50%2022: -$307.3M-$307.3M2022−24%2023: -$297.0M-$297.0M2023−3%2024: -$295.8M-$295.8M2024−0%
Net income56782-$279.3M in 2024+7% since 2020
-$400.0M-$300.0M-$200.0M-$100.0M02020: -$261.3M-$261.3M20202021: -$387.8M-$387.8M2021+48%2022: -$291.1M-$291.1M2022−25%2023: -$275.7M-$275.7M2023−5%2024: -$279.3M-$279.3M2024+1%
Fiscal year201920202021202220232024
Revenue$879.7M5$1.1B6$1.4B7$1.5B8$1.3B2
Research and development$65.7M5$90.1M6$91.5M7$58.6M8$49.7M2
Operating expenses$1.5B6$1.7B7$1.8B8$1.6B2
Operating income-$270.4M5-$404.7M6-$307.3M7-$297.0M8-$295.8M2
Interest$1.8M5$2.2M6$1.6M7$114.0K8
Income before tax-$389.6M6-$291.8M7-$276.4M8-$281.6M2
Income tax-$788.0K5-$1.8M6-$702.0K7-$706.0K8-$2.3M2
Net income-$261.3M5-$387.8M6-$291.1M7-$275.7M8-$279.3M2
Earnings per share-$0.416-$0.297-$0.268-$0.272
Earnings per share (diluted)-$0.416-$0.297-$0.268-$0.272
Shares (weighted, basic)950.7M shares81.0B shares21.0B shares21.0B shares2
Shares (weighted, diluted)950.7M shares81.0B shares21.0B shares21.0B shares2

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Corporate structure

Dada Nexus Ltd sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Dada Nexus Ltd

  • JD.com Filed SCHEDULE 13D/A on Dada Nexus Ltd, latest Jun 16, 2025 (7 filings since Mar 4, 2022)
  • Walmart Filed SC 13G/A on Dada Nexus Ltd, latest Sep 16, 2024 (2 filings since Feb 13, 2024)
  • Jiaqi Kuai Filed SC 13G/A on Dada Nexus Ltd, latest Feb 13, 2023 (2 filings since Jan 27, 2022)
  • Neil Nanpeng Shen Filed SC 13G/A on Dada Nexus Ltd, latest Feb 14, 2022
  • Dada Nexus Ltd Shanghai, China

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Dada Nexus Ltd reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation100.9M CNY8 Dec 31, 2023101.8M CNY8 Dec 31, 2022−0.9%
Accumulated depreciation92.5M CNY8 Dec 31, 202385.0M CNY8 Dec 31, 2022+8.9%
Property and equipment, net$1.0M2 Dec 31, 2024$1.2M8 Dec 31, 2023−15.1%
Operating-lease assets (leased space)$5.6M2 Dec 31, 2024$2.3M8 Dec 31, 2023+143.8%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$411.4M2 Dec 31, 2024$266.6M8 Dec 31, 2023+54.3%
Marketable securities, current$219.5M8 Dec 31, 2023$391.8M7 Dec 31, 2022−44.0%

Intangibles and goodwill

ItemLatestA year beforeChange
Intangible assets, net (excluding goodwill)$208.4M8 Dec 31, 2023$241.4M7 Dec 31, 2022−13.7%
Accumulated amortization2.5B CNY2 Dec 31, 20242.1B CNY2 Dec 31, 2023+22.5%

Inventory

ItemLatestA year beforeChange
Inventory, total$1.6M2 Dec 31, 2024$1.3M8 Dec 31, 2023+19.8%

Filings

64 filings to the SEC since October 2021: 4 annual reports, 12 large holders, 48 other. The latest 20:

  1. Jun 26, 202515-12G EDGAR
  2. Jun 16, 20256-K EDGAR
  3. Jun 16, 2025S-8 POS EDGAR
  4. Jun 16, 2025S-8 POS EDGAR
  5. Jun 16, 2025SC 13E3/A EDGAR
  6. Jun 16, 2025SCHEDULE 13D/A EDGAR
  7. Jun 10, 20256-K EDGAR
  8. May 8, 20256-K EDGAR
  9. May 8, 2025SC 13E3/A EDGAR
  10. Apr 30, 2025CORRESP EDGAR
  11. Apr 30, 2025SC 13E3/A EDGAR
  12. Apr 25, 2025UPLOAD EDGAR
  13. Apr 17, 2025SC 13E3 EDGAR
  14. Apr 14, 202520-F EDGAR
  15. Apr 1, 20256-K EDGAR
  16. Apr 1, 2025SCHEDULE 13D/A EDGAR
  17. Mar 6, 20256-K EDGAR
  18. Feb 14, 20256-K EDGAR
  19. Jan 29, 2025SCHEDULE 13D/A EDGAR
  20. Jan 27, 20256-K EDGAR

The 64 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

  • JD.comSCHEDULE 13D/A, 7 filings Mar 4, 2022 to Jun 16, 20259
  • WalmartSC 13G/A, 2 filings Feb 13, 2024 to Sep 16, 202410
  • Jiaqi KuaiSC 13G/A, 2 filings Jan 27, 2022 to Feb 13, 202311
  • Neil Nanpeng ShenSC 13G/A, 1 filing Feb 14, 202212

SEC filer profile

How Dada Nexus Ltd is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARDada Nexus Ltd1
  • CIK0001793862
  • Filer statusAccelerated filer not an emerging growth company; not a shell company4
  • Incorporated inCayman Islands4
  • Fiscal year endsDecember 311
  • Industry code (SIC)7370 Services-Computer Programming, Data Processing, Etc.1
  • SEC reviewing officeOffice of Technology, Division of Corporation Finance1
  • Business address22F, Oriental Fisherman'S Wharf, No. 1088, Yangshupu Road, Yangpu Distrct, Shanghai, F4 2000821
  • Phone86-21316571671
  • Shares outstanding1,036,659,038 shares as of Dec 31, 20244
  • AuditorDeloitte Touche Tohmatsu Certified Public Accountants LLP, Shanghai, the People’s Republic of China PCAOB ID 1113; it also attests to the company’s internal control over financial reporting4
  • On EDGAR sinceDec 5, 20191
  • Filings122 in all: 6-K (42), CORRESP (10), UPLOAD (10), 20-F (5), DRSLTR (5), SC 13G (5), SC 13G/A (5), DRS/A (4)1
    All 29 form types

    EFFECT (3), SC 13D/A (3), SC 13E3/A (3), SCHEDULE 13D/A (3), 424B4 (2), DRS (2), F-1 (2), F-1/A (2), S-8 (2), S-8 POS (2), SEC STAFF LETTER (2), 15-12G (1), 25-NSE (1), 8-A12B (1), CERT (1), F-1MEF (1), F-6 (1), F-6EF (1), FWP (1), SC 13D (1), SC 13E3 (1)

  • Latest filingsAnnual report (20-F) Apr 14, 2025

Securities registered for trading

ClassSymbolExchange
American depositary shares (each ADS represents four of our ordinary shares, par value US$0.0001 per share)DADANasdaq
Ordinary shares, par valueUS$0.0001 per shareNasdaq

From the cover page of the 20-F filed Apr 14, 2025 (Section 12(b) of the Exchange Act).4

Sources

The numbers on this page point here. Each one links to the record it came from.

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