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PRINCIPAL ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2020

Schedule of amounts and balances of the consolidated VIE that were included in the Group's consolidated financial statements after the elimination of intercompany balances and transactions


	As of December 31,
	2019	2020
	RMB	RMB
Cash and cash equivalents	36	512
Short-term investments	337	—
Accounts receivable, net	—	367
Amount due from related parties	—	1,956
Prepayments and other current assets	3,607	6,851
Property and equipment, net	32	461
Intangible assets, net	14,018	12,774
Operating lease right-of-use assets	—	2,255
Total assets	18,030	25,176

Payable to riders and drivers	—	1,313
Amount due to related parties	—	32
Accrued expenses and other current liabilities	8,664	13,885
Current operating lease liabilities	—	830
Non-current operating lease liabilities	—	1,053
Total liabilities	8,664	17,113


	Years ended December 31,
	2018	2019	2020
	RMB	RMB	RMB
Net revenues	6,621	3,183	3,293
Net loss	(15,263)	(38,674)	(49,741)
Net cash (used in)/provided by operating activities	(925)	14,612	535
Net cash used in investing activities	—	(14,604)	(59)

Schedule of estimated useful lives of property and equipment, net


Category		Estimated useful lives
Computer equipment		3 years
Office facilities		3-5 years
Vehicles		8 years
Software		3-5 years
Leasehold improvement		Over the shorter of the expected useful life or the lease term

Schedule of useful lives of identifiable intangible assets


Category		Amortization Years
BCA		7
NCC		7
Technology		3.7
Trademark and Domain Name		9-9.7

Schedule of disaggregated revenues by revenue


	Years ended December 31,
	2018	2019	2020
	RMB	RMB	RMB
Dada Now: (1)
Services	1,062,552	1,954,834	3,377,653
Sales of goods	48,887	41,951	56,925
Subtotal	1,111,439	1,996,785	3,434,578
JDDJ: (2)
Services	754,162	1,102,913	2,305,411
Others: (3)
Services	23,402	—	—
Sales of goods	33,012	—	—
Subtotal	56,414	—	—
Total	1,922,015	3,099,698	5,739,989

Notes:

(1)

Includes net revenue from on-demand delivery services provided through Dada Now, and Dada Now related services such as freight service to logistics companies and merchants on Dada Now and JDDJ, which did not operate through Dada Now.

(2)

Includes net revenues from delivery services provided to retailers on JDDJ of RMB448,014, RMB588,752 and RMB970,697, and commission fee revenues from retailers on JDDJ of RMB225,884, RMB347,870 and RMB687,789 for the years ended December 31, 2018, 2019 and 2020, respectively

(3)

Includes net revenue from front-end warehouses business and unmanned retail shelves businesses which were immaterial and terminated in 2019.

Schedule of opening and closing balances of the Group's advances from customers


		Advances from
		Customers
		RMB
Opening Balance as of January 1, 2018		331
Increase, net		3,061
Ending Balance as of December 31, 2018		3,392
Increase, net		11,965
Ending Balance as of December 31, 2019		15,357
Increase, net		10,894
Ending Balance as of December 31, 2020		26,251

Schedule of Lease, Supplemental Cash Flow Information

Supplemental cash flow information related to operating leases included in operating lease assets and liabilities was as follows:


		For the Year Ended
		December 31, 2020
		RMB
Cash payments		48,890
New operating lease assets obtained in exchange for operating lease liabilities		24,688

Schedule of Future lease payments under operating leases, excluding short-term leases not capitalized


		Operating leases
		RMB
2021		46,050
2022		31,381
2023		23,813
2024		18,607
Total future lease payments		119,851
Less: imputed interest		(8,589)
Total lease liability balance		111,262
Less: Current operating lease liabilities		41,737
Non-current operating lease liabilities		69,525

Schedule of Future Minimum Rental Payments for Operating Leases


		As of December 31, 2019
		RMB
2020		49,501
2021		37,812
2022		22,711
2023		17,125
2024 and after		15,440
Total lease commitment		142,589

- Definition

Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

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