Dada Group Celebrates Initial Public Offering on the Nasdaq Stock Exchange

Hosts Special Listing Day Event with Distinguished Guests at Shanghai Tower

Virtually Rings Nasdaq’s Opening Bell in New York from Shanghai to Commemorate Milestone

SHANGHAI, China, June 05, 2020 (GLOBE NEWSWIRE) -- Dada Group (“Dada” or the “Company”), China’s leading local on-demand delivery and retail platform, today began trading on the Nasdaq Stock Exchange under the ticker symbol “DADA” following its initial public offering.

To commemorate this corporate milestone, the Company held a special listing day event at Shanghai Tower, the tallest building in China and the second tallest in the world, drawing attendance from its Board of Directors, retail and brand partners, investors, riders, employees and media correspondents. As part of the event, Founder, Chairman and Chief Executive Officer of Dada Group, Phillip Kuai delivered a speech and held a countdown to the market’s opening. Seven members of Dada’s management team participated in a virtual bell ringing ceremony at the opening of the Nasdaq Stock Exchange that was broadcast live from Nasdaq’s MarketSite Tower in Times Square, showcasing the Company on a seven-story LED screen in the heart of New York City.

Dada Group is a leading platform of local on-demand retail and delivery in China. It operates JDDJ, one of China’s largest local on-demand retail platforms by GMV in 2019, and Dada Now, a leading local on-demand delivery platform in China by number of orders in 2019, according to the iResearch. There was an increase in demand for Dada’s services during the COVID-19 outbreak as more and more people shopped for daily necessities online, such as groceries, fresh produce, healthcare and household products during this period.

“We are proud to celebrate this important milestone in Dada’s history at a time when our services are more essential than ever before,” said Philip Kuai, Founder, Chairman and Chief Executive Officer of Dada Group. “Since day one, our goal has been to bring people everything on demand, and as we’ve expanded our business, our goal has remained the same. Now, just days from the Company’s sixth birthday, we have taken a significant step forward in our ability to boost the innovation revolution in China’s retail industry and offer a more efficient and convenient shopping experience for our customers. Our association with the Nasdaq Stock Exchange raises our Company's profile in the capital markets and provides new financial tools to continue to fuel our strong growth trajectory as we drive long-term value for our shareholders.”