Dada Group’s Philip Kuai Delivers Remarks on the Future of Chinese E-Commerce at CCFA’s Retail Innovation Summit
Discusses How Dada is Delivering Value to Retailers, Brands, and Consumers by Creating a New Era of Local On-Demand Retail in China
Dada Group, China’s leading local on-demand delivery and retail platform, is pleased to announce that Philip Kuai, Dada’s Founder, Chairman and Chief Executive Officer, attended and delivered remarks at China Chain Store & Franchise Association’s (“CCFA”) China International Retail Innovation Summit in Shanghai on August 12. In his address, Mr. Kuai discussed the importance of digitization of local retail and Dada’s role in creating a new era of local on-demand retail in China.
With more than 1000 enterprise members, CCFA is China’s national representative for the retail and franchise industry. Its functions include participating in policymaking discussions, safeguarding the interests of the industry, providing professional trainings and information for members, and establishing platforms for exchange and cooperation. The annual Retail Innovation Summit gathers industry leaders to discuss the future of the sector, and this year’s theme was “Retail Innovation: From Digital to Intelligent.” Mr. Kuai spoke on the “Face to Face with CEOs” panel, where he shared insights into Dada’s complementary platforms (JDDJ and Dada Now), as well as the Company’s unique value proposition focused on offering customers increased efficiency and role in expanding innovation in the on-demand retail sector.
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“Most retailing activities in China still happen offline rather than online, with online sales accounting for only approximately 20%,” said Mr. Kuai. “At Dada, we view the digitization of local retail as the most significant opportunity in Chinese e-commerce over the next decade. Our goal is to empower the retailers and brands that we partner with by helping them digitalize their brick-and-mortar stores while constantly developing and enhancing our on-demand delivery services for the benefit of our customers.”
Mr. Kuai added, “In addition to our commitment to improving our platforms and expanding our reach, we care deeply about making a positive social impact in the communities we serve and are incredibly proud of the role we have played during the COVID-19 outbreak in China. Not only has Dada offered a safe and efficient way for consumers to order essential goods, such as groceries and medicine, from the comfort of their home, we have also added new riders to the Dada Now family that may have lost others jobs as a result of the pandemic. We’re grateful for all of our dedicated riders, who are truly the backbone of our mission to Bring People Everything on Demand.”
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