Dada Nexus Limited Q1 2023 Earnings Call
Speaker 1: Ladies and Gentlemen, and thank you for standing by for Dada's first quarter of the year 2023, earning his conference call.
Speaker 1: At this time all participants are in a listen-only mode. After the management's prepared remarks there will be a question and answer session. As a reminder today's conference call is being recorded.
Speaker 1: I will now turn the meeting over for your hostess for today's call, Ms. Caroline Dong, Head of Investor Relations for Dada. Please proceed, Caroline.
Speaker 2: Thank you, operator. Hello, everyone, and thank you for joining our first quarter of 2023 earnings conference call. On the call today from data, we have Mr. Jeff, president. And Mr. back to the CFO .
Speaker 2: Mr. who will talk about our operations and company highlights then Mr. chair will discuss the financials and guidance. Please know that during the finish session, Jeff will also have changing Chinese and the consecutive translation will be provided. In case of added discrepancy between the original remarks and the translation.
Speaker 2: which applies to this call. Also, during this call, we will discuss certain non-GAAP financial measures.
Speaker 2: Please also refer to our earnings price list, which contains a reconciliation of non-GAAP measures to the Comparable GAAP measures.
Speaker 2: Finally, please know that, unless otherwise stated, all figures mentioned during our conference call are in R&D. It is now my pleasure to introduce our president, Mr. He. Jeff, please go ahead. Thank you.
Speaker 3: And thank you all for joining us today.
Speaker 3: During this, the first quarter of 2023, Data Group continued to deliver strongly-lively growth significantly improved our operating efficiency.
Speaker 3: Our total next level is increased by over 27.
Speaker 3: And I'll adjust it next most much better to buy or
Speaker 3: 16 percentage points per year.
Speaker 3: I will start the presentation with an update on our
Speaker 3: dependent on probation release.
Speaker 3: or probation release. JB.com
Speaker 3: Following this, I will share the operational highlights from our two platforms.
Speaker 3: In fact, we have been taking issue that the care financial results.
Speaker 3: We continue to deepen our cooperation with JD.com in several areas.
Speaker 3: during the first quarter.
Speaker 3: GME of Shocknow is our scope. The unified blend for all on-demand tear sources within the JT ecosystem.
Speaker 3: increased by 60 year-old years.
Speaker 3: In particular.
Speaker 3: GMA for nearby or forging path maintain the life of the year-old year goes.
Speaker 3: This was German by continuing the request in nearby CAU.
Speaker 3: As regards to a higher condition, we can use the page with the balance.
Speaker 3: They are made of a shopping experience more efficient.
Speaker 3: regarding search results
Speaker 3: We also recently launched the Christ-based Star Making.
Speaker 3: The tool that highlights the most competitively priced products.
Speaker 3: With the new data we have boosted traffic conversion and enhanced shop miles appeared among JT users. It's a shopping channel with competitive price and the fastest user.
Speaker 3: Let's move on to the operation HINA is for our performance.
Speaker 3: Starting with JT DJ.
Speaker 3: Good evening on demand of the TEA platform in China.
Speaker 3: In the first quarter, KDDGMA maintained the level of GME gross...
Speaker 3: Thus, the mixture may outpace the last outcome in the stream. High quality growth is expected by our...
Speaker 3: close collaboration with and technology removment to our partners.
Speaker 3: and the brand panels.
Speaker 3: Let's start with JPDJS extended and stringent efforts to empower the panelists.
Speaker 3: The SHUPPA must be the Helsinki.
Speaker 3: in terms of our cooperation with top supermarket chains.
Speaker 3: We will now release and design the new panels.
Speaker 3: Thank you.
Speaker 3: And now, I will establish the partnerships with our...
Speaker 3: 19 of the top 100 supermarket chains in China.
Speaker 3: In addition,
Speaker 3: We continue to expand cooperation with leading, the running and the storage hands.
Speaker 3: This stores from top brands such as Mijija,
Speaker 3: Thank you.
Speaker 3: Recently launched on our platform.
Speaker 3: We will be able to make consumers news across more diversified shopping scenarios.
Speaker 3: Thank you.
Speaker 3: and our consumer insights.
Speaker 3: We continue to announce what is.
Speaker 3: continue to announce the various campaigns to job sales.
Speaker 3: Good luck.
Speaker 3: Together with our supermarket partners.
Speaker 3: We launched the weekend one stand shopping campaign. The campaign is designed to boost our
Speaker 3: user awareness of GDisted is the attractive price product offering to target Thank you.
Speaker 3: promotion of specific STUs
Speaker 3: The humans have significantly improved their attention and use engagement levels.
Speaker 3: We're at Security Go to the DIMO.
Speaker 3: At the end of March, JD DJ operated with 19 Supermarket Champs to launch the 1-cent Fresh speech make.
Speaker 3: end of March, JD DGA collaborated with 19 supermarket chains to launch the one-cent Mel
Speaker 3: During the event, GME of fresh-made products in Beijing increased by more than 60 year-on-year.