Dada Nexus Limited (NASDAQ:DADA) Q3 2024 Earnings Conference Call November 13, 2024 8:30 PM ET

Company Participants

Caroline Dong - Head of Investor Relations
Henry Jun Mao - Chief Financial Officer

Conference Call Participants

Thomas Chong - Jefferies LLC
Alicia Yap - Citigroup Inc.

Operator

Good morning, ladies and gentlemen, and thank you for standing by for Dada's Third Quarter 2024 Earnings Conference Call. 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.

I would now like to turn the meeting over to your host for today's call, Ms. [Iris Lu,] from Investor Relations for Dada. Please proceed, Iris.

Unidentified Company Representative

Thank you, operator. Hello, everyone, and welcome for joining our third quarter 2024 earnings conference call. On the call today from Dada, we have Mr. Henry Jun Mao, CFO. Mr. Mao will talk about our operations, company highlights and the financials. He will be available to answer your questions during the Q&A session.

Before we begin, I'd like to remind you that this conference call contains forward-looking statements. Please refer to our latest Safe Harbor statement 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 CFO, Mr. Mao. Mr. Mao, please go ahead.

Henry Jun Mao

Thank you, Iris, and thank you all for joining us. In the third quarter of 2024, our high-quality growth accelerated further. For JD NOW, year-on-year growth