Dada Nexus (DADA.US) received a premium acquisition offer from JD.com (09618.HK) at 42%.
The mainland instant retail and delivery platform Dada Nexus (DADA.US) announced that the Board of Directors received a preliminary non-binding acquisition offer from JD-SW (09618.HK) (JD.US) on January 25, 2025. JD plans to acquire all issued ordinary shares of the company at a cash price of $2 per American Depositary Share (ADS) or $0.5 per ordinary share, which represents a premium of about 42% over the closing price on the last trading day before the acquisition offer. Last September, JD acquired the shares held by Walmart (Walmart Inc.) (WMT.US) subsidiary.
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Market Update | Dada Nexus received a premium acquisition offer from JD.com, skyrocketing over 27% in Pre-Market Trading.
Dada Nexus announced that the company received a non-binding acquisition offer from its major Shareholder, JD.com, a giant in China's E-Commerce sector.
Express News | Dada Nexus announced that it has received a preliminary non-binding acquisition proposal from JD.com at a price of $2.0 per ADS.
JD.com Proposes to Acquire Dada Nexus for $2.0 Per ADS, Offering a 42% Premium
Express News | Dada Nexus Ltd - Forms Special Committee to Evaluate JD.com Proposal
JD.com Express has established self-pickup points at the Shenzhen port.
JD.com's logistics (02618.HK) subsidiary, JD Express, has announced the opening of express self-pickup points at three border ports in Shenzhen: Liantang, Luohu, and Futian. This service provides time-limited free storage for express self-pickup, offering more flexible, convenient, and efficient Logistics services. Residents of Hong Kong can choose to pick up their orders at the border pickup points after placing orders on the JD.com (09618.HK)(JD.US) platform, which is expected to meet the online shopping demand of Hong Kong Consumers during the Lunar New Year period when they travel north. The company stated that in recent years, many Hong Kong Consumers have purchased a rich variety of more affordable products from mainland China, but restrictions due to customs policies have limited some.
Express News | GAC Fiat Chrysler's administrator reported on the progress of the bankruptcy liquidation case: the Changsha factory has been auctioned five times without success and will continue to negotiate with potential investors.
Liu Qiangdong attended the JD.com Logistics Spring Festival family banquet and expressed affirmation for the employees' work.
According to reports from domestic media, Liu Qiangdong, the founder and Chairman of the Board of JD.com (09618.HK) (JD.US), appeared at JD.com's logistics (02618.HK) Spring Festival family banquet, wearing JD.com's iconic red Outfits. He mentioned in his speech that more than 1,200 first-line employees have retired from JD.com, achieving provisions for the elderly, medical care for the sick, and compensation for injuries, which is a result of JD.com's long-term contributions to the "five insurances and one fund" for frontline employees. This family banquet was held at JD.com's headquarters, where Liu Qiangdong expressed his recognition of JD.com's logistics work over the past year and praised the employees who have ensured "delivery during the Spring Festival" for 13 consecutive years, especially the first-line employees.
Express News | JD.com has become a partner for the 2024 Spring Festival Gala, starting from 8 PM on New Year's Eve, there will be hourly prize draws.
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Express News | Liu Qiangdong appeared at JD.com's headquarters to attend the Logistics Spring Festival family dinner.
JD.com Options Spot-On: On January 24th, 116.39K Contracts Were Traded, With 970.63K Open Interest
On January 24th ET, $JD.com(JD.US)$ had active options trading, with a total trading volume of 116.39K options for the day, of which put options accounted for 23.09% of the total transactions, and
Shares of US-listed Chinese Stocks Are Trading Higher Amid China's Efforts to Get Insurers to Invest in Stocks and Support Markets.
U.S. Stock Market Outlook | Latest weight loss drug data boosts stock prices! Novo-Nordisk A/S surges 14% in pre-market; Chinese concept stocks rise broadly in pre-market, with JD.com and Himax Technologies both up over 3%.
American Express fell over 3% in pre-market trading, with the company expecting revenue growth of 8% to 10% by 2025; Verizon rose over 1% in pre-market trading, exceeding revenue expectations and adding 1 million mobile and broadband users.
Reports suggest that since the mainland's "national subsidy" on Monday, mobile phone sales have increased by 3 to 5 times compared to usual, with Xiaomi (01810.HK) rising 7.5% to reach a record high.
The stocks of mobile phones and devices expanded their gains this afternoon (24th), with Xiaomi-W (01810.HK) breaking records, rising 7.5% to 37.1 yuan. ZTE (00763.HK) increased by 8.5%, Sunny Optical (02382.HK) surged 7.9% to 72.95 yuan, and Qiu Titanium (01478.HK) jumped 13.3%, while BYD Electronics (00285.HK) rose by 4.5%. According to a report from China National Radio, starting from January 20 this year, new subsidy policies for purchasing mobile phones, tablets, and smartwatches (bands) have begun to take effect nationwide. Journalists visited major digital brand stores and found that the stores are full.
Hong Kong stock fluctuation | The Hengke Index increased by over 3% in the afternoon, Network Technology stocks are all in the green, JD-SW (09618) rose by more than 3%.
In the afternoon, the 恒科 Index rose more than 3%. In terms of constituent stocks, Network Technology stocks all turned positive, with JD-SW (09618) up 3.24% to HKD 156.1; KINGSOFT (03888) rose 3.19% to HKD 35.55.