DADA240920P1000
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Dada Nexus Newsroom
CORRECTION: Dada Nexus Earnings And Citigroup Upgrade Were On Aug. 21
State of the Consumer: Airbnb, Wayfair, and Stitch Fix Leads Gains in the Retail Sector
Dada Nexus Shares Are Trading Higher After the Company Reported Q2 Earnings and After Citigroup Upgraded the Stock From Sell to Neutral.
Retail sales drive US stocks higher! The S&P 500 Index and the Dow Jones Industrial Average hit record highs intraday, and Chinese assets are surging across the board.
China's assets are exploding.
US stocks in early trading | The three major indexes rose collectively, Chinese concept stocks and technology stocks strengthened collectively, Li Auto Inc rose nearly 9%, Tesla rose over 3%.
USA retail sales exceeded expectations in August, indicating that the consumer situation in the USA remains healthy. The Federal Reserve will begin its two-day monetary policy meeting today and announce the meeting results tomorrow. Wedbush brokerage stated that AI stocks like Nvidia will benefit from the Fed's rate cut.
US stock abnormality: dada nexus rose more than 14%, jd.com acquired all the shares of dada nexus held by walmart, increasing its shareholding ratio to 63.2%.
On September 17th, Dada Nexus (DADA.US) rose more than 14% to $1.21; jd.com (JD.US) rose more than 2.7% to $27.02. In terms of news, on September 17th, Dada Nexus announced in its press release that JD.com has completed the purchase of 87.48128 million ordinary shares of Dada Nexus and 1.875 million American depository shares previously held by walmart. As a result, JD.com has acquired all of walmart's stake in Dada Nexus, increasing its ownership to 63.2%. An insider from jd.com told the media that this move demonstrates jd.com's long-term and steady development strategy for Dada Nexus.
4 Stocks to Watch on Tuesday: PLTR, MSFT and More
Express News | Dada Nexus said that jd.com bought the shares of the company held by Walmart.
JD.com Buys Walmart's Stake in Dada Nexus
Express News | Walmart Inc Dissolves Passive Stake in in Dada Nexus Ltd as of Sept 16 Vs Prior Passive Stake of 9.3% as of Dec 31, 2023 - SEC Filing
jd.com's logistics (02618.HK) and dada nexus (DADA.US) have signed a freight and operational support service agreement.
JD.com Logistics (02618.HK) announced the signing of two framework agreements with dada nexus (DADA.US), namely the Cargo Services Framework Agreement and the Operational Support Services Framework Agreement. The signing dates for these two agreements are both September 6, 2024, and they are valid until December 31, 2026. According to the Cargo Services Framework Agreement, dada nexus will provide local real-time logistics services for JD.com Logistics. The annual service fee limits stipulated in the agreement are 0.569 billion RMB in 2024, 0.652 billion RMB in 2025, and 0.78 billion RMB in 2026.
We Think Dada Nexus (NASDAQ:DADA) Can Easily Afford To Drive Business Growth
Express News | Dada Nexus Ltd : Mizuho Cuts Target Price to $4.5 From $5
U.S. Stock Market News: dada nexus rose more than 3% pre-market, with Citigroup raising its rating to hold after performance.
On August 23, Gelonghui | Dada Nexus (DADA.US) rose 3.45% before the market, to $1.2; the stock fell sharply by 11.45% yesterday. Dada Nexus announced on Wednesday that the company's Q2 revenue was 2.35 billion yuan, a year-on-year decrease of 9.5%. In addition, it was announced that Guo Qing, an advisor to JD.com, will become the chairman of Dada Nexus' board of directors. After the performance, Citigroup analyst Alicia Yap raised the rating of Dada Nexus from sell to hold and set a target price of $1.5.
Dada Nexus Rating Upped at Citi After Q2 Report
Dada Nexus Analyst Ratings
Dada Nexus (DADA.US) had a net revenue of 2.35 billion yuan in the second quarter, with a year-on-year growth of 46.6% for Dada Now's net revenue.
Guolonghui, August 21st | Dada Group (DADA.US) announced today the unaudited financial results for the second quarter of 2024. The total net revenue for the second quarter of 2024 was 2.35 billion yuan, compared to 2.597 billion yuan in the same period of 2023, a year-on-year decrease of 9.5%. The net loss for the second quarter of 2024 was 0.286 billion yuan, compared to 0.159 billion yuan in the same period of 2023. The basic and diluted net loss per ordinary share for the second quarter was 0.27 yuan, compared to 0.15 yuan in the second quarter of 2023. In terms of revenue, in the second quarter of 2024, jd.com's net revenue for instant delivery was 0.912 billion yuan, last year
dada nexus (DADA.US) announced the election of Guo Qing as the Chairman of the Board of Directors of the company.
Gelonghui, August 21 - Dada Nexus (DADA.US) announced today that the board of directors has elected Guo Qing as a member of the board of directors and the compensation committee, and he will take over as the chairman of the board of directors from August 20, 2024, replacing Dan Su. Dan Su will continue to serve as a member of the board of directors and the nominations and corporate governance committee. Following this change, the board of directors will consist of six members, three of whom are independent directors. In addition, Fu Bing has informed the board of directors that he will resign from the position of interim president of the company on August 20, 2024, due to personal reasons. At the same time, the board of directors is actively evaluating the company's leadership structure to suit.
Express News | Dada Nexus Ltd : Citigroup Raises to Neutral From Sell; Raises Target Price to $1.50 From $1
Dada Nexus (DADA.US) Q2 revenue declines by 9.5%, appoints new board of directors chairman.
Dada Nexus (DADA.US) announced its financial report for the second quarter of fiscal year 2024 on Wednesday.