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Shareholding in Dada has reached 63.2%, jd.com continues to increase its investment in the instant retail track layout.
Internal sources at jd.com indicate that this move demonstrates the importance Dada places on its position within the jd.com ecosystem, as well as the expectations for further deepening the strategic partnership between the two parties. Dada's competitive advantages lie in the extensive range of products on the supply side, as well as the extensive integration with jd.com on the demand side.
jd.com makes a major move! Shareholding dada nexus, fully entering the instant retail market.
On September 17th, dada nexus announced in its US stock announcement that jd.com has completed the purchase of 87.4813 million ordinary shares and 1.875 million American depositary shares held by walmart's subsidiary. As a result, jd.com has acquired all the shares held by walmart and its shareholding percentage has increased to 63.2%.
Why Dada Nexus Stock Rocketed Almost 22% Higher on Tuesday
CORRECTION: Dada Nexus Earnings And Citigroup Upgrade Were On Aug. 21
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Dada Nexus Shares Are Trading Higher After the Company Reported Q2 Earnings and After Citigroup Upgraded the Stock From Sell to Neutral.
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