Dada Nexus Partners With 30 Supermarket Chains

China-based retail platform Dada Nexus Ltd (NASDAQ: DADA) announced its on-demand retail platform, JDDJ (JD Daojia), has signed partnerships with 30 leading supermarket chains.
The supermarket chains include MeetAll in Shanxi, Xiangjiang General Store in Hunan, Baijia Supermarket in Gansu, Youhao Supermarket in Xinjiang, and Aijia Supermarket.
The latest agreement strengthens Dada’s leading position as China’s largest local on-demand retail platform in the supermarket segment.
Wuika Times, Haojiaxiang, and Aijia Supermarket have also signed contracts with Dada Group to adopt Haibo System, the SaaS system independently developed by Dada.
Through JDDJ, customers can place orders through mobile phones and receive the same within one hour.
Price action: DADA shares closed lower by 6.5% at $29.8 on Tuesday.

Benzinga