Dada Nexus (NASDAQ:DADA) Azioni

Dada Nexus

Dada Nexus provides on-demand retail platform services and fulfillment services to retailers to sell their products, and online advertising and marketing services to its customers such as brand owners or their agents. It also provides last-mile, intracity and intercity delivery services to logistics companies, merchants and individuals on the Dada Now platform. The group fulfills the delivery needs of retailers on JD Now and customers on Dada Now mostly by utilizing registered riders on Dada Now. Dada's average delivery time for on-demand intracity delivery orders was within 30 minutes in 2023, faster than traditional e-commerce where delivery can take days. As of Sept. 16, 2024, JD.com owned 63.2% of Dada Nexus. Dada Nexus competes with Meituan, Ele.me, Douyin, and SF Intra-city.

Dada Nexus Limited - American Depositary Shares

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Shares of US-listed Chinese companies are trading lower after President Trump last week imposed 34% tariffs on China. In Retaliation, China imposed a 34% tariff on US goods.

Shares of US-listed Chinese companies are trading lower after President Trump imposed 34% tariffs on China. In Retaliation, China imposed a 34% tariff on US goods.

Dada Nexus Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DADA#NASDAQ">DADA</a>, "Dada" or the "Company"))), China's leading local on-demand retail and delivery platform, today announced that it has entered into an Agreement and Plan of Merger (the "Merger Agreement") with JD Sunflower Investment Limited, a British Virgin Islands&nbsp;company ("Parent") and JD Sunflower Merger Sub Limited, a Cayman Islands company and a wholly owned subsidiary of Parent ("Merger Sub"). Pursuant to the Merger Agreement, Merger Sub will merge with and into the Company, with the Company continuing as the surviving company and becoming a wholly owned subsidiary of Parent (the "Merger"). Parent is wholly owned by JD.com, Inc. ("JD").
At the effective time of the Merger (the "Effective Time"), each American Depository Share of the Company (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, will be cancelled and cease to exist 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, will be cancelled and cease to exist in exchange for the right to receive US$0.5 in cash per Share without interest.
The merger consideration represents a premium of approximately 42% to the closing price of the ADSs on January 24, 2025, the last trading day before the Company received the preliminary non-binding proposal letter from JD.

Dada Enters Into Definitive Agreement For "Going Private" Transaction With JD Sunflower Investment; Each ADS Representing 4 Ordinary Shares Will Be Cancelled In Exchange For $2.00 In Cash Per ADS, While Each Outstanding Share Will Be Cancelled In Exchange For $0.50 In Cash Per Share, With All Excluded Shares And Dissenting Shares Remaining Unaffected.

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Shares of US-listed Chinese companies are trading lower after the People's Bank of China kept the one-year loan prime rate at 3.1% and the five-year rate at 3.6%, as policymakers navigate supporting economic growth while stabilizing the yuan amid rising trade tensions.

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Shares of US-listed Chinese companies are trading lower amid global investor concerns regarding the Trump administration's trade policies and China's retaliatory tariffs on US farm goods, which took effect Monday.

Dada Nexus (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DADA#NASDAQ">DADA</a>) reported quarterly losses of $(0.03) per share which beat the analyst consensus estimate of $(1.25) by 97.6 percent. This is a 62.5 percent increase over losses of $(0.08) per share from the same period last year. The company reported quarterly sales of $2.43 billion which beat the analyst consensus estimate of $2.40 billion by 1.32 percent. This is a 536.73 percent increase over sales of $381.95 million the same period last year.

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Dada Nexus Q4 2024 Sales RMB2.43B Beat RMB2.40B Estimate

<h4>Key Takeaways:</h4>
<ul>
<li>JD.com has signaled it&rsquo;s preparing to enter China&rsquo;s massive takeout dining market, most likely using its Dada Nexus local delivery service as a foundation</li>
<li>The initiative is likely to do well over the longer term by targeting large chains and using existing infrastructure, but could weigh on JD.com&rsquo;s profits over the shorter term</li>
</ul>
&nbsp;&nbsp;
By Doug Young
China&rsquo;s duopoly Ele.me and Meituan (3690.HK) looks set to get a major new competitor, as e-commerce giant&nbsp;JD.com&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/jd#NASDAQ">JD</a>) looks for a place at the country&rsquo;s massive but highly competitive takeout dining table.
<a href="https://insideretail.asia/2025/02/12/jd-starts-recruiting-restaurants-for-food-delivery-foray/?utm_source=brevo&amp;utm_campaign=IRASIA-NB-2024-02-12&amp;utm_medium=email">Reports</a>&nbsp;of the move abounded in Chinese media earlier this week, after JD.com posted an ad looking for &ldquo;high quality dine-in restaurants&rdquo; to join its program. Equally eye-catching were the terms JD.com was serving up, including zero commissions for restaurants that join before May 1. That should be a huge incentive for new restaurants, since&nbsp;Ele.me&nbsp;and&nbsp;Meituan&nbsp;currently typically charge anywhere from 5% to as much as 25% of the price of each order for restaurants that participate in their services.
Another interesting twist to this story comes from JD.com&rsquo;s recent launch of a&nbsp;<a href="https://thebambooworks.com/news-wrap-jd-com-completes-dada-nexus-takeover-with-privatization-bid/">plan to privatize</a>&nbsp;its&nbsp;Dada Nexus&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dada#NASDAQ">DADA</a>) subsidiary, which operates a local delivery business working with partners like grocery and drugstore chains. That network would immediately give JD.com the basic delivery infrastructure it needs to operate such a takeout dining service.
If the privatization succeeds, which seems almost guaranteed, since JD.com currently controls 63% of Dada Nexus, it&rsquo;s quite possible JD.com could re-list Dada in Hong Kong to raise fresh funds to finance this new takeout delivery initiative. Like many offshore-listed Chinese companies, JD.com is showing a growing preference for Hong Kong, rather than the U.S., for listings of its various units as a hedge against growing U.S.-China tensions.
The company made its own second listing in Hong Kong in 2020, complementing its original U.S. listing dating back to 2014. It also listed both its JD Logistics (2618.HK) and JD Health units (6618.HK) in Hong Kong in 2021.
China&rsquo;s takeout dining business has become all the rage over the last decade, made possible by the country&rsquo;s huge number of restaurants and technology that makes centralizing delivery orders quite fast and easy. Ele.me was the first major player to enter the business and was followed by Meituan and&nbsp;Baidu&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bidu#NASDAQ">BIDU</a>). Ele.me already counted e-commerce giant&nbsp;Alibaba&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/baba#NYSE">BABA</a>) as a major investor when it bought Baidu&rsquo;s service in 2017, and Alibaba fully purchased Ele.me a year later.
That brings us to the present, where Meituan and Ele.me currently dominate the market that was worth an estimated $51.5 billion in 2023, according to one&nbsp;<a href="https://www.globaltimes.cn/page/202203/1253882.shtml">online report</a>. Ele.me said it had 750 million users in 2023, and partnerships with 4 million restaurants, according to the report. Meituan, meanwhile, had 670 million users and worked with 6.9 million restaurants.
Alibaba&rsquo;s latest quarterly report shows that revenue from its local services group, which includes Ele.me, rose 14% year-on-year to 17.7 billion yuan ($2.43 billion) in the three months to last September. The group reported a loss of 391 million yuan on an earnings before interest, taxes and amortization (EBITA) basis, though that was a big improvement over its 2.56 billion yuan EBITA loss a year earlier. &nbsp;
Meantime, Meituan reported its revenue from delivery services, which includes takeout dining, grew by a similar 13% in last year&rsquo;s second quarter to 23 billion yuan from 20.4 billion yuan a year earlier. Here, however, we should also note the second quarter growth rate represented a sharp slowdown from the 24.6% growth the company logged in the first quarter.
<h4>Dada infrastructure</h4>
Next, we&rsquo;ll look at how JD.com is likely to roll out and expand its takeout dining business as it vies for a piece of the pie. Analysts pointed out that JD.com&rsquo;s call for &ldquo;high quality dine-in restaurants&rdquo; shows it may want to focus on the higher-end of the business and leave the many smaller eateries that compete mostly on price for Ele.me and Meituan.
Such an approach seems smart, at least to start, as the big national chains and higher-end restaurants have better quality control and management in general, which should make them better partners for JD.com. One report notes that JD.com is already working directly with several big national chains, including locally owned Champion Pizza and Yuanji Dumpling, as well as the China operation for Burger King.
A look at Dada Nexus&rsquo; two main apps, Dada Now and JD Now, shows that the former will be the likely home for the new takeout dining service. The other major service, JD Now, currently offers mostly grocery delivery services working with big chains like Walmart, Sam&rsquo;s Club, Aldi and Lianhua. Dada Now&rsquo;s offerings are more diverse, and the service already offers a takeout dining channel with participation from major chains including McDonald&rsquo;s and Shake Shack, as well as coffee and tea chains Starbucks, Nayuki and HeyTea.
Among the two major Dada Nexus apps, Dada Now has been growing strongly lately, while JD Now has been moving in the opposite direction. Whereas JD Now used to be the company&rsquo;s dominant revenue source, Dada Now has taken over that role in the last year and now accounts for about 60% of the company&rsquo;s revenue. The existence of these two separate services is the result of merger that formed Dada Nexus in 2014, and it&rsquo;s quite possible that JD.com might just merge the pair into a single service following the privatization.
Investors weren&rsquo;t particularly impressed by news of JD.com&rsquo;s intent to challenge Ele.me and Dianping, perhaps worried by the big losses the company will incur from the move initially. JD.com&rsquo;s U.S.-listed shares fell 6.1% over the three trading days after the reports, though they&rsquo;re still up 52% over the last six months, much of that from a major rally since mid-September.
Even after that rally, JD.com&rsquo;s stock currently trades at a price-to-earnings (P/E) ratio of just 13. That&rsquo;s well behind the 25 for Alibaba, and the even bigger 45 for Meituan, though it&rsquo;s about the same as the 12 for PDD (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pdd#NASDAQ">PDD</a>), which has come under pressure lately due to scrutiny of its popular low-cost Temu international e-commerce site.
At the end of the day, JD.com&rsquo;s takeout dining move looks like a smart, targeted foray that has good chances of success over the longer term by focusing on big chains and using the company&rsquo;s existing infrastructure. But the new initiative will also be a money pit over the next few years, which could become a significant damper on JD.com&rsquo;s profits.
This article is from an unpaid external contributor. It does not represent Benzinga's reporting and has not been edited for content or accuracy.

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JD.com Seeks Place At China's Massive Takeout Dining Table

U.S. stocks traded mixed toward the end of trading, with the S&amp;P 500 falling over 100 points on Monday.
The Dow traded up 0.22% to 44,521.81 while the NASDAQ fell 3.29% to 19,297.13. The S&amp;P 500 also fell, dropping, 1.84% to 5,988.74.
Check This Out: <a href="https://www.benzinga.com/analyst-ratings/price-target/25/01/43225208/abbott-to-rally-over-26-here-are-10-top-analyst-forecasts-for-monday">Abbott To Rally Over 26%? Here Are 10 Top Analyst Forecasts For Monday</a>
Leading and Lagging Sectors Health care shares surged by 2% on Monday.
In trading on Monday, information technology shares fell by 5.5%.
Top Headline
Dada Nexus Limited  (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DADA#NASDAQ">DADA</a>) received a preliminary, non-binding proposal from JD.com, Inc.(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>) to acquire all shares, including ADSs, at $2.00 per ADS ($0.50 per Ordinary Share) in cash.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>Aurora Mobile Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JG#NASDAQ">JG</a>) shares shot up 130% to $13.30 after the company revealed its GPTBots.ai platform has integrated the DeepSeek R1 large language model.</li>
<li>Shares of Akero Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKRO#NASDAQ">AKRO</a>)got a boost, surging 102% to $52.87 after the company reported preliminary Week 96 results from its SYMMETRY Phase 2B study of Efruxifermin.</li>
<li>Dada Nexus Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DADA#NASDAQ">DADA</a>) shares were also up, gaining 27% to $1.79 after the company received a preliminary, non-binding proposal from JD.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>) to acquire all shares, including ADSs, at $2.00 per ADS ($0.50 per Ordinary Share) in cash.</li>
</ul>
Equities Trading DOWN
<ul>
<li>Allakos Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALLK#NASDAQ">ALLK</a>) shares dropped 79% to $0.2524 after the company announced it will discontinue further development of AK006, reduce its workforce by 75%, and explore strategic alternatives.</li>
<li>Shares of Veru Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VERU#NASDAQ">VERU</a>) were down 49% to $0.6177 after the company reported results from Phase 2b trial of Enobosarm for muscle preservation in weight loss patients.</li>
<li>PMGC Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ELAB#NASDAQ">ELAB</a>) was down, falling 34% to $2.06. PMGC Holdings announced $1.9 million in gross proceeds from warrant inducement with institutional investors.</li>
</ul>
Commodities In commodity news, oil traded down 2.7% to $72.66 while gold traded down 1.6% at $2,733.40.
Silver traded down 3.5% to $30.10 on Monday, while copper fell 2.2% to $4.2260.
Euro zone
European shares closed mostly lower today. The eurozone's STOXX 600 fell 0.07%, Germany's DAX 40 fell 0.53% and France's CAC 40 fell 0.27%. Spain's IBEX 35 Index rose 0.12%, while London's FTSE 100 rose 0.02%.
Asia Pacific Markets
Asian markets closed mostly lower on Monday, with Japan's Nikkei 225 falling 0.92%, China's Shanghai Composite Index falling 0.06%, Hong Kong's Hang Seng Index gaining 0.66% and India's BSE Sensex dipping 1.08%.
Economics
<ul>
<li>The Chicago Fed National Activity Index rose to 0.15 in December, recording the strongest reading in seven months, and versus a revised -0.01 in the previous month.</li>
<li>U.S. building permits in rose by 0.7% to an annualized rate of 1.482 million in December.</li>
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S&P 500 Falls Over 100 Points; Dada Nexus Shares Spike Higher

U.S. stocks traded mostly lower midway through trading, with the Dow Jones index edging higher on Monday.
The Dow traded up 0.04% to 44,440.59 while the NASDAQ fell 2.96% to 19,364.21. The S&amp;P 500 also fell, dropping, 1.72% to 5,996.25.
Check This Out: <a href="https://www.benzinga.com/analyst-ratings/price-target/25/01/43225208/abbott-to-rally-over-26-here-are-10-top-analyst-forecasts-for-monday">Abbott To Rally Over 26%? Here Are 10 Top Analyst Forecasts For Monday</a>
Leading and Lagging Sectors Consumer staples shares surged by 1.1% on Monday.
In trading on Monday, information technology shares fell by 4.7%.
Top Headline
On Monday, AT&amp;T Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>) reported better-than-expected fourth-quarter results.
The company posted operating revenues of $32.30 billion, up by 0.9% year over year. It beat the analyst consensus estimate of $32.04 billion. Adjusted EPS of 54 cents beat the estimate of 50 cents.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>Aurora Mobile Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JG#NASDAQ">JG</a>) shares shot up 208% to $17.82 after the company revealed its GPTBots.ai platform has integrated the DeepSeek R1 large language model.</li>
<li>Shares of Akero Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKRO#NASDAQ">AKRO</a>)got a boost, surging 109% to $54.76 after the company reported preliminary Week 96 results from its SYMMETRY Phase 2B study of Efruxifermin.</li>
<li>Dada Nexus Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DADA#NASDAQ">DADA</a>) shares were also up, gaining 33% to $1.87 after the company received a preliminary, non-binding proposal from JD.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>) to acquire all shares, including ADSs, at $2.00 per ADS ($0.50 per Ordinary Share) in cash.</li>
</ul>
Equities Trading DOWN
<ul>
<li>Allakos Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALLK#NASDAQ">ALLK</a>) shares dropped 76% to $0.2856 after the company announced it will discontinue further development of AK006, reduce its workforce by 75%, and explore strategic alternatives.</li>
<li>Shares of Veru Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VERU#NASDAQ">VERU</a>) were down 41% to $0.7034 after the company reported results from Phase 2b trial of Enobosarm for muscle preservation in weight loss patients.</li>
<li>PMGC Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ELAB#NASDAQ">ELAB</a>) was down, falling 38% to $1.91. PMGC Holdings announced $1.9 million in gross proceeds from warrant inducement with institutional investors.</li>
</ul>
Commodities In commodity news, oil traded down 0.3% to $74.44 while gold traded down 0.8% at $2,755.50.
Silver traded down 1.2% to $30.815 on Monday, while copper fell 1.1% to $4.2735.
Euro zone
European shares were mostly lower today. The eurozone's STOXX 600 fell 0.19%, Germany's DAX 40 fell 0.64% and France's CAC 40 fell 0.26%. Spain's IBEX 35 Index rose 0.22%, while London's FTSE 100 rose 0.01%.
Asia Pacific Markets
Asian markets closed mostly lower on Monday, with Japan's Nikkei 225 falling 0.92%, China's Shanghai Composite Index falling 0.06%, Hong Kong's Hang Seng Index gaining 0.66% and India's BSE Sensex dipping 1.08%.
Economics
<ul>
<li>The Chicago Fed National Activity Index rose to 0.15 in December, recording the strongest reading in seven months, and versus a revised -0.01 in the previous month.</li>
<li>U.S. building permits in rose by 0.7% to an annualized rate of 1.482 million in December.</li>
</ul>
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Dow Edges Higher; AT&T Posts Upbeat Earnings

Shares of US-listed Chinese stocks are trading higher, amid AI competition from China's DeepSeek.&nbsp;
Shares of US-listed Chinese stocks are trading higher, amid AI competition from China's DeepSeek. &nbsp;

Shares of US-listed Chinese stocks are trading higher amid AI competition from China's DeepSeek.

U.S. stocks were lower, with the Dow Jones index falling over 100 points on Monday.
Shares of Dada Nexus Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DADA#NASDAQ">DADA</a>) rose sharply during Monday's session after the company received a preliminary, non-binding proposal from JD.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>) to acquire all shares, including ADSs, at $2.00 per ADS ($0.50 per Ordinary Share) in cash.
The offer represents a 42% premium to the last closing price before the proposal date. The Board has formed a special committee, chaired by Laura Marie Butler, to evaluate JD.com's acquisition proposal.
Dada Nexus shares surged 31.2% to $1.8491 on Monday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>Akero Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKRO#NASDAQ">AKRO</a>) shares jumped 114% to $56.03 after the company reported preliminary week 96 results from its SYMMETRY Phase 2B study of Efruxifermin.</li>
<li>89bio, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ETNB#NASDAQ">ETNB</a>) gained 48.7% to $10.60.</li>
<li>Logility Supply Chain Solutions, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LGTY#NASDAQ">LGTY</a>) gained 24.6% to $14.11 after Aptean announced an agreement to acquire Logility in a $14.30-per-share all-cash deal.</li>
<li>EverQuote, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVER#NASDAQ">EVER</a>) gained 17.3% to $20.63.</li>
<li>Titan Machinery Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TITN#NASDAQ">TITN</a>) shares rose 10.3% to $17.38. Baird analyst Mircea Dobre upgraded Titan Machinery from Neutral to Outperform and raised the price target from $14 to $25.</li>
<li>Portillo&#8217;s Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PTLO#NASDAQ">PTLO</a>) gained 10.2% to $13.76. Stifel analyst Chris O&#8217;Cull upgraded Portillos from Hold to Buy and raised the price target from $13 to $16.</li>
<li>LendingTree, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TREE#NASDAQ">TREE</a>) rose 10.2% to $45.67.</li>
<li>Alpha Teknova, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TKNO#NASDAQ">TKNO</a>) gained 9.6% to $8.81.</li>
<li>Kingsoft Cloud Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KC#NASDAQ">KC</a>) shares rose 7.4% to $11.59 after jumping 13% on Friday.</li>
<li>Service Properties Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SVC#NASDAQ">SVC</a>) gained 7% to $2.92.</li>
<li>LGI Homes, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LGIH#NASDAQ">LGIH</a>) rose 6.8% to $96.53</li>
<li>The Hain Celestial Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HAIN#NASDAQ">HAIN</a>) climbed 6.2% to $5.65.</li>
<li>AT&amp;T Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>) gained 5.9% to $24.07 following better-than-expected quarterly financial results.</li>
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Dada Nexus, Titan Machinery, AT&T And Other Big Stocks Moving Higher On Monday

Dada Nexus Limited&nbsp;&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DADA#NASDAQ">DADA</a>) shares are trading higher after the company received a preliminary, non-binding proposal from JD.com, Inc.(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>) to acquire all shares, including ADSs, at $2.00 per ADS <a target="_blank" href="https://www.benzinga.com/pressreleases/25/01/g43223094/dada-announces-receipt-of-a-preliminary-non-binding-proposal-to-acquire-the-company" rel="noreferrer noopener">($0.50 per Ordinary Share) in cash</a>.
The offer represents a 42% premium to the last closing price before the proposal date. The Board has formed a special committee, chaired by Laura Marie Butler, to evaluate JD.com&#8217;s acquisition proposal.
The company cautions that the Board has not yet made any decisions regarding JD.com&#8217;s proposal.
There is no guarantee that a definitive offer will be made, an agreement reached, or that the proposed transaction will be approved or completed.
Notably, in 2022, JD.com received all necessary regulatory approvals to invest in Dada Nexus, as per which Dada planned to issue ordinary shares to JD.com in exchange for $<a target="_blank" href="https://ir.jd.com/news-releases/news-release-details/jdcom-and-dada-announce-progress-update-investment-dada" rel="noreferrer noopener">546 </a>million in cash and strategic resources.
According to a regulatory <a target="_blank" href="https://www.sec.gov/Archives/edgar/data/1793862/000110465924100255/tm2424104d1_6k.htm" rel="noreferrer noopener">filing </a>last year, JD.com,&nbsp;Inc., through its wholly-owned subsidiary, has purchased a total of 87.48 million ordinary shares and 1.875 million ADSs of Dada Nexus&nbsp;from Global Pinnacle Corporation, a company wholly owned by Walmart. As a result of this transaction, JD.com acquired all the shares of Dada held by Walmart and beneficially owned approximately 63.2% of Dada Nexus&#8217; total ordinary shares outstanding.
Price Action: DADA shares are up 24.8% at $1.79 premarket at the last check Monday.
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JD.com Eyes Full Control Of Dada Nexus With Premium Cash Offer: Details

Dada Nexus shares are trading higher after JD.com proposed to acquire the company for $2.00 per ADS.

Dada Nexus Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DADA#NASDAQ">DADA</a>, "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.
The Board has formed a special committee (the "Special Committee") consisting of three independent and disinterested directors, Baohong Sun, Laura Marie Butler and Jian Han, to evaluate and consider the Proposed Transaction. Laura Marie Butler will chair the Special Committee. The Special Committee intends to retain advisors, including an independent financial advisor and independent legal counsel, to assist it in its evaluation.

JD.com Proposes to Acquire Dada Nexus for $2.0 Per ADS, Offering a 42% Premium

NTES

ZCMD

Shares of US-listed Chinese stocks are trading lower due to stimulus concerns and disappointing economic data. The Biden administration plans to raise tariffs on solar wafers, polysilicon and some tungsten products.

TIGR

Shares of US-listed Chinese stocks are trading higher following reports suggesting Chinese officials would embrace a 'moderately loose' monetary policy.

Citigroup analyst Alicia Yap maintains Dada Nexus (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DADA#NASDAQ">DADA</a>) with a Neutral and lowers the price target from $2 to $1.9.

Price Target

Analyst Ratings

Citigroup Maintains Neutral on Dada Nexus, Lowers Price Target to $1.9

Dada Nexus shares are trading lower. The company reported Q3 financial results.

Dada Nexus Q3 Adj EPS $(0.03) Beats $(0.11) Estimate, Sales $367.06M Beat $329.44M Estimate

Press Releases

Dada Announces Unaudited Fourth Quarter and Fiscal Year 2024 Financial Results

Dada Enters into Definitive Agreement for "Going Private" Transaction

DADA Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Dada Nexus Limited Is Fair to Shareholders

Legal

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates DADA, MESA, COOP on Behalf of Shareholders

Dada Files Annual Report on Form 20-F for Fiscal Year 2024

$HAREHOLDER ALERT: The M&A Class Action Firm Investigates the Merger of Dada Nexus Limited - DADA

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates ICAD, XAGE, DADA, MESA on Behalf of Shareholders

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates ICAD, XAGE, DADA on Behalf of Shareholders

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates COOP, MESA, DADA on Behalf of Shareholders

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