On May 16, Beijing time, Dada Group, China's leading local instant retail and distribution platform, released its first quarter results report for 2024. The core indicators are steady, moderate and positive. In the first quarter, Dada Group's total revenue was 2.5 billion yuan, and Dada Express's revenue increased 57% year-on-year to 1.2 billion yuan. The growth rate hit a record high in the past eight quarters. Fully integrated into the JD ecosystem, the original instant retail brands JD Hourly Delivery and JD Home Delivery were fully integrated and upgraded to “JD Express Delivery”, providing consumers with the fastest shopping experience of “enjoy good things” in 9 minutes with a new brand image. Thanks to the simultaneous strength of demand and supply, JD's core delivery indicators continue to improve and grow strongly. In the first quarter, the average number of monthly payment users and payment orders in the JD app market both achieved a year-on-year increase of more than 70%, and the year-on-year growth rate further increased to over 100% in April. The GMV of the JD app domain increased by more than 30% year-on-year in the first quarter. Among them, the GMV of the “Fast Delivery” channel increased by more than 200% year over year. Furthermore, the high-quality supply of the platform was further expanded, and the number of active stores increased by more than 80% year-on-year in the first quarter. It is worth noting that the JD App homepage will launch a “Second Delivery Zone”, and Second Delivery merchants and products will receive greater exposure. Next, JD Second Delivery will launch a series of promotion activities for consumers to continue to benefit consumers.