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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.
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