Dada Nexus Limited Q1 2023 Earnings Call
Speaker 1: So.
Speaker 2: Good morning ladies and gentlemen and thank you for standing by for Dada's first quarter 2023 Onions conference call.
Speaker 2: 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 2: 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 3: Thank you, operator. Hello, everyone, and thank you for joining our first quarter 2023 earnings conference call. On the call today from data, we have Mr. Jeff Huizhen He, President. And Mr. Backchan, CFO . Mr. Hu will talk about our operations and company highlights.
Speaker 3: Then Mr. Chen will discuss the financials and guidance. Please kindly note that during the Q&A session, Jeff will offer questions in Chinese and the consecutive translation will be provided. In case of added discrepancy between the original remarks and the translated version,
Speaker 3: Statements in the original remarks should prevail. Before we begin, I'd like to remind you that this conference call contains following statements. Please refer to our latest Safe Harbor statement in the earnings press list on our IR website, which applies to this call.
Speaker 3: Also, during this call, we will discuss certain non-GAAP financial measures.
Speaker 3: Please also refer to our earnings price list, which contains a reconciliation of non-GAAP measures to the Comparable GAAP measures.
Speaker 3: Finally, please know that, unless otherwise stated, all figures mentioned during our conference call are in RMB. It is now my pleasure to introduce our President, Mr. He. Yes, please go ahead.
Speaker 4: Thank you, Karen. Thank you all for joining us today.
Speaker 4: During this, the first quarter of 2023, Data Group continued to deliver strongly-lively growth significantly to our operating efficiency.
Speaker 4: Our total next number is increased by over 27.
Speaker 4: And I'll adjust to the next notes, not to magnify or...
Speaker 4: 16 percentage points per year.
Speaker 4: I will start the presentation with an update on our
Speaker 4: dependent on probationary use.
Speaker 4: JB.com
Speaker 4: Following this, I will share the occasional highlights from our two platforms.
Speaker 4: That we then take issue the detail financial results.
Speaker 4: We continue to deepen our cooperation with JD.com in several areas.
Speaker 4: During the first quarter, GME of Shocknow is our scope to unify the blindfold all-on-demand with TSLP using the JT ecosystem.
Speaker 4: increased by 60 YE.
Speaker 4: in particular.
Speaker 4: GME for nearby or forging path maintain the life of the year-old year goes.
Speaker 4: This was German by continuing the request in nearby CAU.
Speaker 4: As it adds a higher condition, you can use the page with the balance.
Speaker 4: They are made of a shopping experience more efficient.
Speaker 4: regarding search results
Speaker 4: We also recently launched the Price Based Star Making.
Speaker 4: The Tour de Hana is the most competitive to the price of products.
Speaker 4: With the UOD spatial, we have boosted traffic congestion and enhanced shock noise appeared among JD users. It is a short PE channel with compatible files and the fastest user.
Speaker 4: Let's move on to the operation HINA is for our two platforms.
Speaker 4: Starting with JT DJ.
Speaker 4: So these are on demand of the TA platform in China.
Speaker 4: In the first quarter, KTDGM maintains the letter that GME goes to the
Speaker 4: Thus, to the next unit, we are at peace with the last item in the chain.
Speaker 4: high quality growth shoots affected by our...
Speaker 4: close collaboration with and technology removment to our panels.
Speaker 4: and brand panels.
Speaker 4: Let's start with JPDJS extended and stringent efforts to empower the painters.
Speaker 4: The super must be the tech room.
Speaker 4: in terms of our cooperation with top supermarket chains.
Speaker 4: We will now sign the new panels.
Speaker 4: Thank you.
Speaker 4: And now, I will establish the partnerships with our...
Speaker 4: 19 of the top 100 supermarket chains in China.
Speaker 4: In addition, we continue to expand cooperation with leading, and learning, and sports teams.
Speaker 4: with stores from top brands such as Mijuja,
Speaker 4: Thank you.
Speaker 4: Recently launched on our platform.
Speaker 4: We will be able to meet consumers' needs across more diversified shopping scenarios.
Speaker 4: Knowledge in supermarkets, mechanisms, trends, and our consumer insights.
Speaker 4: We continue to announce the values.
Speaker 4: amount to what is compared to child sales.
Speaker 4: We match together with our supermarket partners.
Speaker 4: We launch the weekend one stand shopping campaign.
Speaker 4: The campaign is designed to post our
Speaker 4: Use the awareness of JTTJS, objectively price product offering to target target.
Speaker 4: promotion or specific STUs.
Speaker 4: The humans have significantly improved their attention and use engagement levels.
Speaker 4: For example, at the end of March, JD DGA collaborated with 19 supermarket chains to launch the one-cent fresh meat.
Speaker 4: campaign in Beijing
Speaker 4: during the event.
Speaker 4: CMA of flash make products in Beijing increased by more than 60 year on year.
Speaker 4: more than 30 percentage points higher than
Speaker 4: They are all GME clothes mating in Beijing.
Speaker 4: In addition, the 7-day repeat purchase rate of participating consumers was 7 percentage points higher than that of the citywide user base.
Speaker 4: We also made further progress in the consumer electronics and home appliance category.
Speaker 4: in the computer and access the next page, that could be, that could be, that could be.
Speaker 4: We reached a partner with many smart device brands.
Speaker 4: such as Xiao Qiancai and this book is for you.
Speaker 4: In the first quarter, Jeremy from computer and...
Speaker 4: Excellent.
Speaker 4: The chance increased by nearly 200 year on year.
Speaker 4: all right.
Speaker 4: We sign up leaving home for applied strengths such as higher and the meeting.
Speaker 4: to onboard and promote their offline stores on JWTJ.
Speaker 4: offering customers differentiated product selection.
Speaker 4: and the Canadian one-stop-the-
Speaker 4: the one-stop mirror and the installation process. In the first quarter,
Speaker 4: GME for a whole year's time grew by nearly 200 year on year.