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jd.com (09618.HK) purchases the shares held by Walmart subsidiary dada nexus
Mainland logistics company dada nexus (DADA.US) announced that JD.com (09618.HK) has acquired 87.5 million shares of common stock held by Walmart Inc. (WMT.US), as well as 1.875 million American depositary shares. Dada nexus stated that it hopes to continue its mutually beneficial business cooperation with Walmart. As for JD.com's investment, it reflects the unique role the company plays in JD.com's extensive ecosystem and demonstrates JD.com's confidence in the company's long-term growth and development. (js/k)~
JD.com Buys Walmart's Stake in Dada Nexus