Dada-JD Daojia CEO Named By Fortune As 40 Under 40 In China

Dada-JD Daojia, China's leading on-demand logistics and omni-channel ecommerce firm, won another round of acclaim in the late September. Philip Kuai, the founder and CEO has been named by the Fortune as 40 Under 40 in China, an award to acknowledge local entrepreneurs who have played key roles in the development of their industries.


According to the Fortune, Dada is the third company Philip Kuai has started before which he worked in McKinsey and the Silicon Valley in US. He was also the co-founder and senior executive of AdChina and Anjuke. Philip holds the Master Degree of Engineering in Logistics from Massachusetts Institute of Technology. Since its establishment in 2014, Dada has become a leader in the local on-demand logistics platform. In 2016, Dada-JD Daojia was established, which quickly became the leading brand in the grocery and delivery industry and adjusted its development strategy: from To B to To All. According to Philip, what he concerns most about the logistics platform is the balance of cost, efficiency and service experience. Dada currently has served over 1.2 million merchants and 70 million individual users, with more than $1.3 billion in financing over the past five years.
 
Fortune is the most influential business magazine in the world. The 40 Under 40 China List is the award for the most influential young entrepreneurs of the year selected by Fortune, which aims to highlight the outstanding innovators, value creators and reformer in China. The young leaders represented by these finalists have thrust themselves to the Chinese business center at their golden age of less than 40 years old. This list acclaims both the achievements they have made as well as the future landscapes and potential of the Chinese business they represent. Zhang Yiming, founder and CEO of Bytedance and Cheng Wei, founder and CEO of Didi Chuxing also have positions in this year’s list.
 
“If looking closely at how they won their first bucket of gold, you will find out they show more about a new understanding of the new business world besides only being intelligent, courageous and decisive” Fortune said that “China's Internet industry developed rapidly around 2000 during which period they were in their 20s and had not completed the original accumulation of capital. While the Internet industry had allowed them to witness the born of a new era, they actually raced in the mobile Internet world formed right after 2010. There, they are the participants, founders and creators."
 
While netting more accolades, Dada-JD Daojia has launched one-week “1020 Supermarket Shopping Festival” on Monday. As the China’s biggest shopping festival interacting online and offline supermarket retails, Dada-JD Daojia together with more than 100,000 retail outlets and over 200 supermarket chains in China are dedicating themselves to provide more convenient and upgraded shopping experience for goods of all varieties to consumers covering 133 cities in China.
 
####
 
About Dada-JD Daojia
Dada-JD Daojia is China's leading on-demand logistics and omni-channel ecommerce platform. "Dada", the local on-demand logistics platform, covering more than 450 major cities across China. It serves over 1.2 million merchants and 70 million individual users, with 10 million peak daily orders. "JD Daojia", the O2O e-commerce platform, partners with over 100 thousand leading retail stores, providing one-hour delivery service of fresh fruits and vegetables, groceries, flowers, baked goods and pharmaceutical products to the homes of its users in more than 100 cities across China. JD Daojia has more than 74 million registered customers and 30 million monthly active users.  Dada-JD Daojia was originally established in 2014, and has raised $1.3 billion from global leading investors including Sequoia, DST, JD, and Walmart, etc.
Latest News

China says US has 'weaponized' visas to target exchanges

Nov 17, 2019

BEIJING — China on Wednesday accused the U.S. of having "weaponized" the issuance of visas following the reported inability of a top Chinese space program official to obtain permission to travel to a key conference in Washington. Foreign Ministry spokeswoman Hua Chunying told reporters that the head of the Chinese delegation to the International Astronautical Congress wasn't able to obtain a visa following an Oct. 12 interview, making it difficult for Chinese representatives to attend important events at the meeting. Reports said the vice chairman of the China National Space Administration, Wu Yanhua, had planned to attend the congress. Hua...

China criticizes Apple for app that tracks Hong Kong police

Nov 17, 2019

HONG KONG — Apple became the latest company targeted for Chinese pressure over protests in Hong Kong after the ruling Communist Party's main newspaper criticized the tech giant Wednesday for a smartphone app that allows activists to report police movements. HKmap.live, designed by an outside supplier and available on Apple Inc.'s online store, "facilitates illegal behavior," the People's Daily said in a commentary. "Is Apple guiding Hong Kong thugs?" the newspaper said. Beijing has pressed companies including Hong Kong's Cathay Pacific Airways to take the government's side against the protests, which are in their fourth month. Apple didn't immediately respond...

China lets currency sink to 11-year low after Trump threats

Nov 17, 2019

BEIJING — China allowed its yuan to sink to an 11-year low Monday after President Donald Trump sent jittery financial markets tumbling by announcing new tariff hikes and threatening to block American companies from doing business with this country. The escalation in the fight over trade and technology prompted warnings that chances for a settlement were disappearing. The yuan declined to 7.1468 to the dollar, a relatively modest change from Friday's low point of 7.0927 but its weakest rate since January 2008. The yuan has lost 6.5% from this year's high on Feb. 28. Chinese leaders have promised to avoid...

Scienfinite is created to inspire our readers with the aim to understand the world and appreciate its everyday awe. Keep up with the technology and latest innovations here, only in Scienfinite.