DADA Stock Recent News

SHANGHAI, China, Feb. 14, 2025 (GLOBE NEWSWIRE) -- Dada Nexus Limited (NASDAQ: DADA, “Dada” or the “Company”), China's leading local on-demand retail and delivery platform, today announced that the independent special committee (the “Special Committee”) of the Company's board of directors (the “Board”), formed to evaluate and consider the previously announced preliminary non-binding proposal letter dated on January 25, 2025 (the “Proposal”), has retained Kroll, LLC as its financial advisor and Gibson, Dunn & Crutcher LLP as its U.S. legal counsel.

U.S. stocks traded mixed toward the end of trading, with the S&P 500 falling over 100 points on Monday.

Shares of Dada Nexus (DADA 27.66%) were soaring today on news that JD.com (JD -0.44%) had proposed acquiring all of its outstanding shares for $2 per American Depositary Share.

SHANGHAI, China, Jan. 27, 2025 (GLOBE NEWSWIRE) -- Dada Nexus Limited (NASDAQ: DADA, “Dada” or the “Company”), China's leading local on-demand retail and delivery platform, today announced that its board of directors (the “Board”) has received a preliminary non-binding proposal letter (the “Proposal Letter”), dated January 25, 2025, from JD.com, Inc. (“JD” or the “Buyer”), to acquire all of the outstanding ordinary shares of the Company (the “Ordinary Shares”), including the Ordinary Shares represented by the American Depositary Shares of the Company (the “ADSs”, each representing four Ordinary Shares), that are not already beneficially owned by the Buyer for a proposed purchase price of US$2.0 per ADS, or US$0.5 per Ordinary Share, in cash (the “Proposed Transaction”). The proposed price represents a premium of approximately 42% to the closing price on the most recent trading day prior to the date of the Proposal Letter. A copy of the Proposal Lette

Monday was the best day for Chinese stock indexes since 2008. Dada's fortunes are closely tied to JD.com, which has struggled of late.

A new economic stimulus plan was unveiled in their home market of China. This sprawling package will affect nearly every part of the domestic economy.

Its majority owner now has even more of a majority. This followed a large share sale by that strategic investor.

Dada Nexus Limited (NASDAQ:DADA ) Q2 2024 Earnings Conference Call August 20, 2024 9:30 PM ET Company Participants Caroline Dong - Head of Investor Relations Henry Jun Mao - Chief Financial Officer Conference Call Participants Thomas Chong - Jefferies Alicia Yap - Citigroup Jiulu Li - CICC Operator Good morning, ladies and gentlemen and thank you for standing by for Dada's Second Quarter 2024 Earnings Conference Call. At this time, all participants are in listen-only mode.

SHANGHAI, China, Aug. 20, 2024 (GLOBE NEWSWIRE) -- Dada Nexus Limited (NASDAQ: DADA, “Dada” or the “Company”), China's leading local on-demand retail and delivery platform, today announced that the board of directors (the “Board”) has elected Mr. Kevin Qing Guo to become a director and a member of the compensation committee of the Board and succeed Mr. Ian Su Shan as the chairman of the Board, effective August 20, 2024. Mr. Ian Su Shan will continue to serve as a director of the Company and a member of the nominating and corporate governance committee of the Board. After the change, the Board will consist of six members, three of whom are independent directors. In addition, Mr. Bing Fu has notified the Board of his resignation as the Interim President of the Company for personal reasons, effective August 20, 2024. Meanwhile, the board of directors is actively evaluating the Company's leadership composition in light of the Company's long-term development plans.

The potential fraud case resulting in negative sentiment allows for a great entry price in this innovative business. Their cooperation with the JD Group positions them strategically in JD's ecosystem. Dada's tactical position as a middleman in the digitalization of retailers makes them a scalable business with great potential.