• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • AI Executive AssistantNEW
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • AI Executive AssistantNEW
  • Settings
  • RSS Feeds
PublishGo to AppAI Helper
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlertsPublish with Us
    Company
    AboutQuantisnow PlusContactJobsAI employees for your businessNEW
    Legal
    Terms of usePrivacy policyCookie policy

    Dada Announces Completion of Going Private Transaction

    6/16/25 4:05:00 PM ET
    $DADA
    Computer Software: Programming Data Processing
    Technology
    Get the next $DADA alert in real time by email

    SHANGHAI, China, June 16, 2025 (GLOBE NEWSWIRE) -- Dada Nexus Limited (NASDAQ:DADA, "Dada" or the "Company")), China's leading local on-demand retail and delivery platform, today announced the completion of the merger (the "Merger") with JD Sunflower Merger Sub Limited ("Merger Sub"), a wholly owned subsidiary of JD Sunflower Investment Limited ("Parent"), pursuant to the previously announced Agreement and Plan of Merger (the "Merger Agreement"), dated April 1, 2025, by the Company, Parent and Merger Sub. Parent is wholly owned by JD.com, Inc. ("JD"). As a result of the Merger, the Company became a wholly owned subsidiary of Parent and will cease to be a publicly traded company.

    Pursuant to the Merger Agreement, which was approved by the Company's shareholders at an extraordinary general meeting on June 10, 2025, at the effective time of the Merger (the "Effective Time"), each American depository share (each, an "ADS"), representing four ordinary shares of the Company, par value US$0.0001 each (each, a "Share"), issued and outstanding immediately prior to the Effective Time, other than ADSs representing the Excluded Shares (as defined in the Merger Agreement), together with the Shares represented by such ADSs, has been cancelled in exchange for the right to receive US$2.0 in cash per ADS without interest, and each Share issued and outstanding immediately prior to the Effective Time, other than the Excluded Shares, the Dissenting Shares (as defined in the Merger Agreement) and Shares represented by ADSs, has been cancelled in exchange for the right to receive US$0.5 in cash per Share without interest (the "Merger Consideration"). Pursuant to the terms of the Merger Agreement, the Excluded Shares have been cancelled without payment of any consideration from the Company therefor and the Dissenting Shares have been cancelled and will entitle the former holders thereof to receive the fair value thereon determined in accordance with Section 238 of the Companies Act (As Revised) of the Cayman Islands.

    Registered shareholders immediately prior to the Effective Time who are entitled to the Merger Consideration will receive from the paying agent a letter of transmittal and instructions on how to surrender their Shares in exchange for the Merger Consideration in respect of each Share held thereby, and should wait to receive the letter of transmittal before surrendering their Shares. Payment of the Merger Consideration will be made to holders of Shares (other than Shares represented by ADSs) in respect of each such Share held thereby upon surrender of applicable Shares and delivery of the letter of transmittal and any other documents required by such letter of transmittal to be delivered in connection therewith. Payment of the Merger Consideration (after deduction of fees) will be made to holders of ADSs in respect of each ADS held thereby as soon as practicable after JPMorgan Chase Bank, N.A., the ADS depositary, receives the aggregate Merger Consideration payable to holders of ADSs from the paying agent.

    The Company also announced today that it requested that trading of its ADSs on Nasdaq Global Select Market (the "Nasdaq") be suspended effective June 17, 2025. The Company requested that Nasdaq file a Form 25 with the Securities and Exchange Commission (the "SEC") notifying the SEC of the delisting of the Company's ADSs on Nasdaq and the deregistration of the Company's registered securities. The Company intends to suspend its reporting obligations under the Securities Exchange Act of 1934, as amended, by promptly filing a Form 15 with the SEC. The Company's obligation to file with the SEC certain reports and forms, including Form 20-F and Form 6-K, will be suspended immediately as of the filing date of the Form 15 and will cease once the deregistration becomes effective.

    Kroll, LLC is serving as financial advisor to a committee of independent directors established by the board of directors of the Company (the "Special Committee"). Gibson, Dunn & Crutcher LLP is serving as U.S. legal counsel to the Special Committee. Appleby is serving as Cayman Islands legal counsel to the Special Committee.

    UBS AG Hong Kong Branch is serving as financial advisor to JD. Skadden, Arps, Slate, Meagher & Flom LLP is serving as U.S. legal counsel to JD. Harney Westwood & Riegels is serving as Cayman Islands legal counsel to JD.

    About Dada Nexus Limited

    Dada Nexus Limited is China's leading local on-demand retail and delivery platform. It operates JD NOW, formerly known as JDDJ, one of China's largest local on-demand retail platforms for retailers and brand owners, and Dada NOW, a leading local on-demand delivery platform open to merchants and individual senders across various industries and product categories. The Company's two platforms are inter-connected and mutually beneficial. The vast volume of on-demand delivery orders from the JD NOW platform increases order volume and density for the Dada NOW platform. Meanwhile, the Dada NOW platform enables improved delivery experience for participants on the JD NOW platform through its readily accessible fulfillment solutions and strong on-demand delivery infrastructure.

    For more information, please visit https://ir.imdada.cn/.

    Forward-Looking Statements

    This press release contains statements that may constitute "forward-looking" statements pursuant to the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "aims," "future," "intends," "plans," "believes," "estimates," "likely to" and similar statements. Statements that are not historical or current facts, including statements about Dada's beliefs, plans and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement. Such factors, risks and uncertainties include: uncertainties as to the expected benefits and costs of the Merger; the outcome of any legal proceedings that may be instituted against the Company related to the Merger; the amount of the costs, fees, expenses and charges related to the Merger; and other risks and uncertainties discussed in documents filed with the SEC by the Company as well as the Schedule 13E-3 and the proxy statement filed by the Company. Further information regarding these and other factors, risks and uncertainties is included in the Company's filings with the SEC. All information provided in this press release is as of the date of the press release, and Dada undertakes no duty to update such information, except as required under applicable law.

    For investor inquiries, please contact:

    Dada Nexus Limited

    E-mail: [email protected]

    Christensen

    In China

    Mr. Rene Vanguestaine

    Phone: +86-178-1749-0483

    E-mail: [email protected]

    In US

    Ms. Linda Bergkamp

    Phone: +1-480-614-3004

    E-mail: [email protected]

    For media inquiries, please contact:

    Dada Nexus Limited

    E-mail: [email protected]



    Get the next $DADA alert in real time by email

    Crush Q3 2025 with the Best AI Executive Assistant

    Stay ahead of the competition with Tailforce.ai - your AI-powered business intelligence partner.

    AI-Powered Inbox
    Context-aware email replies
    Strategic Decision Support
    Get Started with Tailforce.ai

    Recent Analyst Ratings for
    $DADA

    DatePrice TargetRatingAnalyst
    8/22/2024Neutral
    Daiwa Securities
    8/21/2024$1.00 → $1.50Sell → Neutral
    Citigroup
    5/16/2024Buy → Neutral
    Daiwa Securities
    4/25/2024Neutral
    Goldman
    3/6/2024$15.00 → $2.00Buy → Neutral
    New Street
    2/20/2024Neutral → Buy
    Daiwa Securities
    1/8/2024Buy → Sell
    Citigroup
    11/17/2023Outperform
    CLSA
    More analyst ratings

    $DADA
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • Daiwa Securities resumed coverage on Dada

      Daiwa Securities resumed coverage of Dada with a rating of Neutral

      8/22/24 7:22:08 AM ET
      $DADA
      Computer Software: Programming Data Processing
      Technology
    • Dada upgraded by Citigroup with a new price target

      Citigroup upgraded Dada from Sell to Neutral and set a new price target of $1.50 from $1.00 previously

      8/21/24 7:27:26 AM ET
      $DADA
      Computer Software: Programming Data Processing
      Technology
    • Dada downgraded by Daiwa Securities

      Daiwa Securities downgraded Dada from Buy to Neutral

      5/16/24 7:43:27 AM ET
      $DADA
      Computer Software: Programming Data Processing
      Technology

    $DADA
    SEC Filings

    See more
    • SEC Form 15-12G filed by Dada Nexus Limited

      15-12G - Dada Nexus Ltd (0001793862) (Filer)

      6/26/25 6:00:59 AM ET
      $DADA
      Computer Software: Programming Data Processing
      Technology
    • SEC Form 25-NSE filed by Dada Nexus Limited

      25-NSE - Dada Nexus Ltd (0001793862) (Subject)

      6/16/25 4:53:47 PM ET
      $DADA
      Computer Software: Programming Data Processing
      Technology
    • Amendment: SEC Form SCHEDULE 13D/A filed by Dada Nexus Limited

      SCHEDULE 13D/A - Dada Nexus Ltd (0001793862) (Subject)

      6/16/25 4:42:58 PM ET
      $DADA
      Computer Software: Programming Data Processing
      Technology

    $DADA
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • Dada Announces Completion of Going Private Transaction

      SHANGHAI, China, June 16, 2025 (GLOBE NEWSWIRE) -- Dada Nexus Limited (NASDAQ:DADA, "Dada" or the "Company")), China's leading local on-demand retail and delivery platform, today announced the completion of the merger (the "Merger") with JD Sunflower Merger Sub Limited ("Merger Sub"), a wholly owned subsidiary of JD Sunflower Investment Limited ("Parent"), pursuant to the previously announced Agreement and Plan of Merger (the "Merger Agreement"), dated April 1, 2025, by the Company, Parent and Merger Sub. Parent is wholly owned by JD.com, Inc. ("JD"). As a result of the Merger, the Company became a wholly owned subsidiary of Parent and will cease to be a publicly traded company. Pursuant

      6/16/25 4:05:00 PM ET
      $DADA
      Computer Software: Programming Data Processing
      Technology
    • Dada Announces Shareholders' Approval of Merger Agreement

      SHANGHAI, China, June 10, 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 at an extraordinary general meeting of shareholders (the "EGM") held today, the Company's shareholders voted in favor of the proposal to authorize and approve the previously announced Agreement and Plan of Merger (the "Merger Agreement"), dated April 1, 2025, by and between the Company, JD Sunflower Investment Limited ("Parent") and JD Sunflower Merger Sub Limited, a wholly owned subsidiary of Parent ("Merger Sub"), pursuant to which, at the effective time of the merger, Merger Sub will merge with a

      6/10/25 6:43:58 AM ET
      $DADA
      Computer Software: Programming Data Processing
      Technology
    • Dada to Hold Extraordinary General Meeting of Shareholders

      SHANGHAI, China, May 08, 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 it has called an extraordinary general meeting of shareholders (the "EGM"), to be held on June 10, 2025 at 10 a.m. (Beijing time) at No. 76 Zhichun Road, Haidian District, Beijing, People's Republic of China, to consider and vote on, among other matters, the proposal to authorize and approve the previously announced Agreement and Plan of Merger (the "Merger Agreement") dated April 1, 2025 by and between the Company, JD Sunflower Investment Limited ("Parent") and JD Sunflower Merger Sub Limited, a who

      5/8/25 7:26:28 AM ET
      $DADA
      Computer Software: Programming Data Processing
      Technology

    $DADA
    Financials

    Live finance-specific insights

    See more
    • Dada Announces Unaudited Third Quarter 2024 Financial Results

      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. "Our customer-centric high-quality growth strategy and effective execution delivered impressive results in the third quarter of 2024," said Mr. Kevin Qing Guo, Chairman of the Board of Dada. "Driven by our commitment to providing quality products and instant delivery, JD NOW1 continued to build trust and mindshare among users. The year-on-year growth in both monthly transacting users2 and orders through the JD App mai

      11/13/24 5:00:00 PM ET
      $DADA
      Computer Software: Programming Data Processing
      Technology
    • Dada to Announce Unaudited Third Quarter 2024 Financial Results on November 13, 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. The Company will host a conference call to discuss the earnings at 8:30 p.m. Eastern Time on Wednesday, November 13, 2024 (9:30 a.m. Beijing time on Thursday, November 14, 2024). Please register in advance of the conference using the link provided below and dial in 10 minutes prior to the call. PRE-REGISTER LINK: https://s1.c-conf.com/di

      11/5/24 5:11:21 AM ET
      $DADA
      Computer Software: Programming Data Processing
      Technology
    • Dada Announces Unaudited Second Quarter 2024 Financial Results

      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. "I am grateful for the Board's trust and honored to take on the responsibilities of Chairman. With the Board's vision and leadership, we remain optimistic about the journey ahead of us in the on-demand retail and delivery industries," said Mr. Kevin Qing Guo, Chairman of the Board of Dada. "In the second quarter of 2024, our focus on user experience and high-quality development continued to bear significant fruits. JD NO

      8/20/24 6:00:00 PM ET
      $DADA
      Computer Software: Programming Data Processing
      Technology

    $DADA
    Leadership Updates

    Live Leadership Updates

    See more
    • Dada Announces Appointment of Financial Advisor and Legal Counsel to the Special Committee

      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. The Special Committee is continuing its review and evaluation of the Proposal. The Board cautions the Company's shareholders and others conside

      2/14/25 5:00:00 PM ET
      $DADA
      Computer Software: Programming Data Processing
      Technology
    • Dada Nexus Limited investors: Please contact the Portnoy Law Firm to recover your losses; March 11, 2024 deadline.

      Investors can contact the law firm at no cost to learn more about recovering their losses LOS ANGELES, March 06, 2024 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Dada Nexus Limited (NASDAQ:DADA) investors that a lawsuit was filed on behalf of investors that purchased Dada securities between May 11, 2023 and January 8, 2024, inclusive (the "Class Period"). Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 310-692-8883 or email: [email protected], to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors' options for pursuing claims to recover t

      3/6/24 4:27:39 PM ET
      $DADA
      Computer Software: Programming Data Processing
      Technology
    • Dada Nexus Limited investors: Please contact the Portnoy Law Firm to recover your losses; March 11, 2024 deadline

      Investors can contact the law firm at no cost to learn more about recovering their losses LOS ANGELES, March 04, 2024 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Dada Nexus Limited (NASDAQ:DADA) investors that a lawsuit was filed on behalf of investors that purchased Dada securities between May 11, 2023 and January 8, 2024, inclusive (the "Class Period"). Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 310-692-8883 or email: [email protected], to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors' options for pursuing claims to recov

      3/4/24 5:15:02 PM ET
      $DADA
      Computer Software: Programming Data Processing
      Technology

    $DADA
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • Amendment: SEC Form SC 13G/A filed by Dada Nexus Limited

      SC 13G/A - Dada Nexus Ltd (0001793862) (Subject)

      9/16/24 4:09:38 PM ET
      $DADA
      Computer Software: Programming Data Processing
      Technology
    • Amendment: SEC Form SC 13D/A filed by Dada Nexus Limited

      SC 13D/A - Dada Nexus Ltd (0001793862) (Subject)

      9/16/24 4:05:27 PM ET
      $DADA
      Computer Software: Programming Data Processing
      Technology
    • SEC Form SC 13G/A filed by Dada Nexus Limited (Amendment)

      SC 13G/A - Dada Nexus Ltd (0001793862) (Subject)

      2/13/24 4:22:42 PM ET
      $DADA
      Computer Software: Programming Data Processing
      Technology