- Dada Nexus Ltd's DADA JD Daojia (JDDJ) is partnering with Sephora China, a beauty retailer under LVMH Moet Hennessy Louis Vuitton SE LVMHF, to provide consumers with convenient one-hour shopping services. The financial terms of the deal were not disclosed.
- The move will expand JDDJ's reach beyond grocery to provide consumers with beauty products.
- When consumers order through the JDDJ application, beauty products will be delivered from the nearest Sephora store within one hour by Dada Now's riders.
- As of now, over 70 Sephora stores in China have launched on the JDDJ platform.
- Dada Nexus will integrate all Sephora stores in China both on JDDJ and JD.com by the end of 2021.
- Price Action: DADA shares are trading lower by 2.81% at $21.41 in premarket on the last check Friday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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