Dada Group, a JD-backed delivery and retail platform, reported Tuesday that its revenue grew 23%, to RMB 1.7 billion ($263 million) in the third quarter of this year, surpassing the high end of analyst estimates compiled by Yahoo Finance. For the quarter ending September, the company’s total gross merchandise volume jumped 74.6% year on year, to RMB 37.2 billion.  Yet the firm’s net losses for the quarter widened 20% year on year, to RMB 543 million. In the fourth quarter, Dada forecasts total revenue of between RMB 2.0 billion and RMB 2.1 billion. [Dada Group press release]