Welcome to our dedicated page for Dada Nexus news (Ticker: DADA), a resource for investors and traders seeking the latest updates and insights on Dada Nexus stock.
Dada Nexus Limited was a Nasdaq-listed ADR issuer for a China-based local on-demand retail and delivery platform. Its public-company news centered on operating and financial results for JD NOW, formerly JDDJ, and Dada NOW, including retail marketplace activity, fulfillment services, intra-city delivery, and the relationship between order volume and delivery density across the two platforms.
Company updates also covered Form 20-F annual reporting, governance actions, shareholder voting matters, material agreements, and capital-structure disclosures. In 2025, Dada completed a going-private merger, became a wholly owned subsidiary of JD Sunflower Investment Limited, and initiated the delisting and deregistration process for its American depositary shares.
Dada Nexus (NASDAQ: DADA), China's leading local on-demand retail and delivery platform, has announced the filing of its annual report on Form 20-F for the fiscal year ended December 31, 2024, with the U.S. Securities and Exchange Commission (SEC) on April 14, 2025.
The annual report is accessible through the company's investor relations website at https://ir.imdada.cn/ and the SEC's website at http://www.sec.gov. Shareholders can request a free hard copy of the annual report containing audited consolidated financial statements by contacting the company's IR Department at ir@imdada.cn.
Dada Nexus (NASDAQ: DADA), China's leading local on-demand retail and delivery platform, has announced a definitive merger agreement with JD Sunflower Investment Under the agreement, DADA will become a wholly-owned subsidiary of JD.com through a privatization deal.
The merger terms specify that each ADS will be exchanged for US$2.0 in cash, representing a 42% premium over the January 24, 2025 closing price. Individual shares will receive US$0.5 in cash. The transaction will be fully funded by JD.com International
The merger has received approval from DADA's board of directors following recommendation from a Special Committee of independent directors. JD and its affiliates, holding over 60% of voting rights, have agreed to vote in favor of the merger. The transaction is expected to close in Q3 2025, subject to shareholder approval. Upon completion, DADA will become private and delist from the Nasdaq Global Select Market.
Dada Nexus (NASDAQ: DADA), China's leading local on-demand retail and delivery platform, has released its Q4 and fiscal year 2024 financial results. Total net revenues for Q4 2024 were RMB2,432.7 million, down from RMB2,752.2 million in Q4 2023.
Key highlights include:
- JD NOW revenues declined to RMB737.4 million in Q4 2024 from RMB1,548.5 million in Q4 2023
- Dada NOW revenues increased by 40.8% to RMB1,695.3 million in Q4 2024
- Q4 2024 net loss was RMB1,227.0 million, slightly improved from RMB1,282.4 million in Q4 2023
- Full-year 2024 total net revenues were RMB9,663.8 million, compared to RMB10,506.3 million in 2023
The company recorded an impairment loss of intangible assets of RMB1,058.7 million in Q4 2024. Under its share repurchase program, Dada repurchased approximately 6.1 million ADSs for US$11.4 million as of December 31, 2024.
Dada Nexus (NASDAQ: DADA), China's leading local on-demand retail and delivery platform, has announced that its independent special committee has appointed Kroll, as financial advisor and Gibson, Dunn & Crutcher LLP as U.S. legal counsel. These appointments are part of the committee's ongoing evaluation of the non-binding proposal received on January 25, 2025.
The special committee continues to review the proposal, and the Board has cautioned shareholders that no decisions have been made yet. The company emphasized that there is no guarantee of receiving a definitive offer, executing any agreement, or completing the proposed transaction. Updates will only be provided as required by law.
Dada Nexus (NASDAQ: DADA), China's leading local on-demand retail and delivery platform, has received a preliminary non-binding proposal from JD.com to acquire all outstanding ordinary shares not already owned by JD. The proposed purchase price is US$2.0 per ADS (US$0.5 per Ordinary Share) in cash, representing a 42% premium over the last trading day's closing price.
The company's board has formed a Special Committee of three independent directors - Baohong Sun, Laura Marie Butler (Chair), and Jian Han - to evaluate the proposed transaction. The committee plans to retain independent financial advisors and legal counsel. The company emphasizes that no decisions have been made regarding the proposal, and there's no guarantee of a definitive agreement or transaction completion.
Dada Nexus (NASDAQ: DADA) reported Q3 2024 financial results with total net revenues of RMB2,429.4 million, down 7.3% year-over-year. JD NOW's monthly transacting users and orders through the JD App grew over 100% YoY. Dada NOW revenue increased 38.6% to RMB1,499.2 million, driven by growth in intra-city delivery services. The company reported a net loss of RMB197.3 million, compared to RMB166.0 million in Q3 2023. Non-GAAP net loss was RMB59.4 million. Order volume reached 648.4 million with gross billings of RMB3,098.2 million.
Dada Nexus (NASDAQ: DADA), China's leading local on-demand retail and delivery platform, will release its unaudited financial results for the third quarter ended September 30, 2024, on Wednesday, November 13, 2024, after U.S. markets close. The company will host a conference call at 8:30 p.m. Eastern Time on November 13 (9:30 a.m. Beijing time on November 14). A telephone replay will be available until November 21, 2024, and a webcast will be accessible on Dada's Investor Relations website.