[Explanation] At 9:30 pm on June 5, 2020, it is an unforgettable moment for Yang Jun, the co-founder, director and chief technology officer of Dada Group.
That night, Dada Group successfully landed on Nasdaq, and Yang Jun's "entrepreneurial dream" was also fulfilled at this moment.
Working at Google and Facebook headquarters for nearly 7 years, Yang Jun still has an "entrepreneurial dream."
In 2014, Jun Yang finally waited for the opportunity to realize his dream and returned to China to join the founding team of Dada.
[Concurrent] Yang Jun, co-founder director and chief technology officer of Dada Group
At that time, in 14 or 15 years, I saw that the entire online new economy in China was developing very fast, especially because of the rapid growth of O2O due to the mobile Internet as the infrastructure.
Then we also see an opportunity to support the development of O2O in the field of intra-city distribution through the power of Internet technology.
[Explanation] According to Yang Jun's recollection, no one actually provided a unified and standardized instant delivery service at the time. After realizing this pain point of supply and demand, Dada started the "crowdsourcing" innovation model. In this way, Dada relied on Its dislocation cuts into the market segmentation needs, supplements the market vacancies where mainstream platforms such as Ele.me and Meituan have insufficient capacity, and becomes a connection service provider between merchants and delivery personnel.
In 2016, Dada ushered in an important turning point in the merger with JD Daojia, and it became what Yang Jun called "one of the most impressive time points in the creation of Dada".
At that time, Jingdong Daojia of Jingdong Group pursued higher efficiency in quality control and delivery performance, and Dada had established a mature real-time delivery logistics system, so the two sides hit it off.
[Concurrent] Yang Jun, co-founder director and chief technology officer of Dada Group
Specifically, JD Daojia, a subsidiary of JD.com, was spun off from JD.com as a subsidiary of JD.com and merged with Dada at that time. As a start-up company that had only been established for two years, it had a fairly large external company. The team merged.
For start-up companies, this is a very big challenge and opportunity.
[Explanation] Based on this, socialized instant delivery and supermarket instant retail have become the main direction of Dada Group.
As of the end of 2020, Dada Group has reached cooperation with 100,000 offline stores and over 150 well-known brands.
Over the past seven years, from just matching the capacity of flowers to discovering take-out delivery opportunities, from only logistics to “logistics + retail”, from only taking-out products to supermarkets and many other categories... Yang Jun and his team are like helmsman , Always adjusts the direction of the big ship of Dada Group in accordance with the storms of online new economic development, and marches towards the vision of "Thousands of Goods are Available Instantly".
Looking back on the road of growth step by step in the past, Yang Jun is quite emotional, especially in 2020, Dada Group and the online new economy ushered in an explosive period at the same time.
[Concurrent] Yang Jun, co-founder director and chief technology officer of Dada Group
The outbreak of the epidemic last year, early 2020, has also become a catalyst and an accelerator for online economic development to a certain extent.
During that time, many users developed the consumption habit of placing orders online and receiving goods offline immediately.
Including platforms like ours, including some traditional retail companies, including some traditional brands.
During that time, it accelerated the entire process of digital transformation.
[Explanation] Although Dada Group has been fully recognized by the capital market on NASDAQ and has officially become the "leading instant retail stock", what Yang Jun and his team are most proud of is their initial positioning of themselves.
[Concurrent] Yang Jun, co-founder director and chief technology officer of Dada Group
Because we started as an Internet technology company at the beginning of our establishment.
Then our technology not only supports our entire service system like Dada Express.
We also open up this technological capability to the outside world.
If any customer has his own distribution team, we will also use our system to give them additional empowerment with our technological capabilities.
Zhang Jian Report from Shanghai
Editor in charge: [Wang Kai]