Dada Nexus (DADA) Q1 2023 Earnings Call Transcript

For the period ending March 31, 2023

May 10, 2023 8:30 p.m. ET

Prepared Remarks

Questions and Answers

Call Participants

Prepared Remarks:

Operator

Good morning ladies and gentlemen, and thank you for standing by for data's first quarter 2023 earnings conference call. At this time all participants are in a listen only mode. After the management's prepared remarks, there'll be a question and answer session. As a reminder, today's conference call is being recorded. I will now turn the meeting over for your host for today's call. Miss Caroline Dong head of Investor Relations for data Please proceed, Caroline.

Caroline Dong - Head, IR

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 Huijian He, President and Mr. Beck Chen, CFO. Mr. He will talk about our operations and company highlights, then Mr. Chen will discuss the financials and guidance. Please carefully note that during the Q&A session, Jeff will answer questions in Chinese and the consecutive translation will be provided in case of added discrepancy between the original remarks and the translated version statements in the original remarks should approval.

Before we begin, I'd like to remind you that this conference call contains following statements. Please refer to our latest the safe harbor statement in the earnings press release our IR website which applies to this call. Also during this call, we will discuss certain non GAAP financial measures. Please also refer to our earnings press release which contains reconciliation of non GAAP measures to the comparable GAAP measures. Like leases know that unless otherwise they did all figures mentioned during our conference call in RMB. It is now my pleasure to introduce our president Mr. He. Yes, please go ahead.

Jeff Huijian He - President & Director

Thank you, Caroline. And thank you all for joining us today. Doing this the first quarter of 2023 data group continue to to to be was joined now when it goes significantly improve our operating efficiency. Our total net revenue has increased by over 27 and our adjusted net loss loss marching band or by or 18 percentage points year over year. I will start today's presentation with an update on our dependence or cooperation with jd.com for all English obvious shared the operational highlights for our two platforms that will then take you through the detailed results.