On August 23, 2022, Dada released its Q2 2022 results and reported 2.28 billion in revenue, up 55% yearly. The Gross Merchandise Volume (GMV) of JDDJ, surged 69% to CNY 54.6 billion (in 12 months base). The number of active consumers reached 72.8 million, compared to 51.3 million in Q2 2021. The non-GAAP EPS beat the average forecast by analysts (actual non-GAAP EPS CNY -0.41 Vs. forecast non-GAAP EPS CNY -1.10).
Dada is among those Chinese Internet companies that boast a precise positioning. We are still bullish on Dada long-term because of its growth potential, relatively low policy risk, strong ties with a market leader, and proven track record with technology utilization.
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