BRIEF: Dada Nexus agrees to be privatized by JD.com
Intra-city delivery company Dada Nexus Ltd. (DADA.US) said on Tuesday it signed a definitive agreement to be privatized by majority stakeholder JD.com (JD.US; 9618.HK) at a price of $2 per…
JD.com seeks place at China’s massive takeout dining table
The e-commerce giant is working with major chains and ‘high-quality’ restaurants as it prepares to challenge the duopoly of Meituan and Ele.me Key Takeaways: JD.com has signaled it’s preparing to…
NEWS WRAP: Dada’s loss narrows as it cleans house
The intra-city delivery arm of JD.com said its revenue rose slightly in last year’s fourth quarter, as it seeks to get back on track after a recent accounting scandal …
Cloopen closes the book on fraud case, looks to rebuild
The U.S. securities regulator charged the cloud services provider with fraud for falsifying revenue, but didn’t impose any fine due to the company’s cooperation in the investigation Key Takeaways: The…
Dada Nexus rides to profits, but tamps down high expectations
The provider of intracity delivery services recorded its first-ever profit on a non-GAAP basis in the second quarter, as its revenue grew 23% Key Takeaways: Dada Nexus recorded its first…
Dingdong Posts First-Ever Profit on Cost Slashing, Upmarket Move
China’s leading online grocer earned a fourth-quarter profit on both a net and adjusted basis, as its marketing spending tumbled 75%Key Takeaways:Dingdong posted its first-ever profit in the fourth quarter,…
Dada Delivers Big Returns as U.S. Investors Return to China Stocks
The local delivery company’s shares have nearly doubled this week, joining a small but growing group of U.S.-listed China stocks that are regaining investor favorKey Takeaways:Dada Group’s shares nearly doubled…
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