Dada Nexus Limited (NASDAQ:DADA) Q1 2024 Earnings Conference Call May 15, 2024 9:30 PM ET

Company Participants

Caroline Dong - Head of Investor Relations
Bing Fu - Interim President
Henry Jun Mao - Chief Financial Officer

Conference Call Participants

Thomas Chong - Jefferies
Lei Zhang - Bank of America

Operator

Good morning, ladies and gentlemen, and thank you for standing by for Dada's First Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the management prepared remarks, there will be a question-and-answer session. As a reminder, today's conference call is being recorded.

I will now turn the meeting over to your host for today's call, Ms. Caroline Dong, Head of Investor Relations for Dada. Please proceed, Caroline.

Caroline Dong

Thank you, operator. Hello, everyone, and thank you for joining our first quarter 2024 earnings conference call. On the call today from Dada, we have Mr. Bing Fu, Interim President; and Mr. Henry Jun Mao, CFO. Mr. Fu will talk about our operations and company highlights, then Mr. Mao will discuss the financials. They will both be available to answer your questions during the Q&A session.

Please kindly note that Mr. Fu will give his remarks and answer questions in Chinese and the consecutive translation will be provided. In case of any discrepancy between the original remarks and the translated version, statements in the original remarks should prevail.

Before we begin, I'd like to remind you that this conference call contains forward-looking statements. Please refer to our latest safe harbor statements in the earnings press release on 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 a reconciliation of non-GAAP measures to the comparable GAAP measures. Finally, please note that unless otherwise stated, all figures mentioned during this conference call are in RMB.

It is now my pleasure to introduce our Interim President, Mr. Fu. Mr. Fu, please go ahead.

Bing Fu

[Foreign Language]

Thank you, Caroline, and thank you all for joining us. I believe it has come to your attention that we recently launched a brand upgrade. Our on-demand retail service has been re-branded as JD NOW, delivering quality goods at top-notch speeds, hammering with over 500,000 brick-and-mortar stores, JD NOW provides on-demand shopping experience to consumers in more than 2,300 cities and counties.