Benzinga | Aug 13, 2021 08:29AM EDT

Dada Nexus Partners With Sephora China For Cosmetics Products Delivery

* Dada Nexus Ltd's (NASDAQ:DADA) JD Daojia (JDDJ) is partnering with Sephora China, a beauty retailer under LVMH Moet Hennessy Louis Vuitton SE (OTC:LVMHF), to provide consumers with convenient one-hour shopping services. The financial terms of the deal were not disclosed.

* The move will expand JDDJ's reach beyond grocery to provide consumers with beauty products.

* When consumers order through the JDDJ application, beauty products will be delivered from the nearest Sephora store within one hour by Dada Now's riders.

* As of now, over 70 Sephora stores in China have launched on the JDDJ platform.

* Dada Nexus will integrate all Sephora stores in China both on JDDJ and JD.com by the end of 2021.

* Price Action: DADA shares are trading lower by 2.81% at $21.41 in premarket on the last check Friday.