Dada Nexus Limited's (DADA.US) share price rose when u.s. stocks opened on Wednesday, rising more than 8% to $23.62 as of 23:02 Beijing time, Zhitong financial APP learned. The company's revenue rose nearly 30% in the third quarter from a year earlier.

Dada Nexus Limited's total net income in the third quarter was 1.687 billion yuan, an increase of 29.6% over the same period last year. After removing the factors affecting the adjustment of Dada Express business, the year-on-year growth rate was 86%. The net loss in the third quarter was 542 million yuan, an increase of 24.9% over the same period last year.