Tag: earnings

JD.com Partner Dada Group Revenue up 81% YOY
Tech

JD.com Partner Dada Group Revenue up 81% YOY

Dada just announced its Q2 earnings and owners of Dada should be happy to see the following results: The full Dada Q2 earnings release can be found here. Second Quarter 2021 Highlights Total net revenues were RMB1,474.6 million, an increase of 11.5% year over year. Aligning the revenue of Dada Now last-mile delivery services to a comparable basis, revenue growth would have been 81.3% year over year1.Total Gross Merchandise Volume (“GMV”) of JDDJ for the twelve months ended June 30, 2021 was RMB32.3 billion, an increase of 76.7% year over year from RMB18.3 billion in the same period ended June 30, 2020.Number of active consumers for the twelve months ended June 30, 2021 was 51.3 million, as compared with 32.3 million in the same period ended June 30, 2020. “Dada has lo...
JD.com beats Q2 expectations
Tech

JD.com beats Q2 expectations

JD just reported it's earnings for Q2 and shareholders should be happy: Jd.com Inc ADR (JD) reported 2nd Quarter June 2021 earnings of $0.45 per share. The consensus earnings estimate was $0.41 per share on revenue of $249.7 billion. JDcom Q2 2021 Earnings Revenue is up 26.2% year over year. Here are JD's Second Quarter 2021 Highlights: Net revenues for the second quarter of 2021 were RMB253.8 billion (US$139.3 billion), an increase of 26.2% from the second quarter of 2020. Net service revenues for the second quarter of 2021 were RMB34.1 billion (US$5.3 billion), an increase of 49.2% from the second quarter of 2020. Income from operations for the second quarter of 2021 was RMB300.8 million (US$46.6 million), compared to RMB5.0 billion for the same period last year. Non-G...