SHANGHAI, China, March 05, 2025 (GLOBE NEWSWIRE) -- Dada Nexus Limited (NASDAQ: DADA, “Dada”, the “Company”, or “we”), China's leading local on-demand retail and delivery platform, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2024.
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.
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 Letter is attached hereto as Exhibit A.
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.
LOS ANGELES, Dec. 30, 2024 (GLOBE NEWSWIRE) -- The Rosen Law Firm, P.A. announces that the United States District Court for the Central District of California has approved the following announcement of a proposed class action settlement that would benefit purchasers of Dada Nexus Limited American Depositary Shares (NASDAQ: DADA):
SHANGHAI, China, Nov. 13, 2024 (GLOBE NEWSWIRE) -- Dada Nexus Limited (NASDAQ: DADA, “Dada”, the “Company”, or “we”), China's leading local on-demand retail and delivery platform, today announced its unaudited financial results for the third quarter ended September 30, 2024.
SHANGHAI, China, Nov. 05, 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 it will release its unaudited financial results for the third quarter ended September 30, 2024, on Wednesday, November 13, 2024, after the close of U.S. markets.
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”, the “Company”, or “we”), China's leading local on-demand retail and delivery platform, today announced its unaudited financial results for the second quarter ended June 30, 2024.