Shares of Dada Nexus (DADA -6.95%) were taking a dive this week after the Chinese grocer and online delivery platform said in an SEC filing that an audit revealed certain suspicious practices that "may cast doubt" on revenues from the company's online advertising and marketing services.It also said that its revenue from online advertising and marketing services was overstated by roughly $70 million in the first three quarters of 2023, and that its revenue guidance for the fourth quarter was no longer valid. ...

NEW YORK--(BUSINESS WIRE)--The law firm of Kirby McInerney LLP is investigating potential claims against Dada Nexus Limited (“Dada” or the “Company”) (NASDAQ: DADA). The investigation concerns whether Dada and/or certain of its officers have violated the federal securities laws and/or engaged in other unlawful business practices. On January 8, 2024, Dada disclosed that an internal audit had identified “certain suspicious practices” that “may cast doubt on certain revenues from the Company’s online advert ...

NEW YORK, Jan. 09, 2024 (GLOBE NEWSWIRE) -- Wolf Popper LLP is investigating potential securities fraud claims on behalf of purchasers of Dada Nexus Limited ("Dada") American Depositary Shares (NASDAQ:DADA). Before the market opened on January 8, 2024, Dada disclosed it found "suspicious practices" and its revenues from online advertising and marketing services and operations and support costs were overstated by approximately $47 million over the first three quarters of 2023. Furthermore, Dada told investor ...

OAKLAND, Calif.--(BUSINESS WIRE)--Shares of Dada Nexus Limited (“Dada”) plunged over 36% in intraday trading on January 8, 2024, after disclosing that it had identified some “suspicious practices” in a routine internal audit, and that its revenue guidance for the fourth quarter and full year of 2023 should no longer be relied upon. Gibbs Law Group is investigating a Dada Nexus Securities Class Action Lawsuit on behalf of shareholders who lost money in Dada Nexus Limited (NASDAQ: DADA). To speak with a me ...

ATLANTA, Jan. 08, 2024 (GLOBE NEWSWIRE) -- Holzer & Holzer, LLC is investigating whether Dada Nexus Limited ("Dada Nexus" or the "Company") (NASDAQ:DADA) complied with federal securities laws.  On January 8, 2024, Dada Nexus announced that "certain suspicious practices were identified that may cast doubt on certain revenues from the Company's online advertising and marketing services in 2023." The Company stated that previously issued revenue guidance for full year and fourth quarter 2023 should no longer b ...

BOSTON, Jan. 08, 2024 (GLOBE NEWSWIRE) -- Block & Leviton is investigating Dada Nexus Ltd. ADR (NASDAQ:DADA) for potential securities law violations. Investors who have lost money in their Dada Nexus Ltd. ADR investment should contact the firm to learn more about how they might recover those losses. For more details, visit https://www.blockleviton.com/cases/dada. What is this all about? Before the market opened on January 8, 2024, Dada Nexus disclosed having identified suspicious practices in a routine audi ...

Dada Nexus Limited (NASDAQ:DADA) Q3 2023 Earnings Conference Call November 14, 2023 8:00 PM ET Company Participants Caroline Dong - Head of IR Jeff He - President Beck Chen - CFO Conference Call Participants Ronald Keung - Goldman Sachs Thomas Chong - Jefferies Alicia Yap - Citi Lei Zhang - Bank of America Merrill Lynch Wei Xiong - UBS Operator Good morning, ladies and gentlemen, and thank you for standing by for Dada's Third Quarter 2023 Earnings Conference Call. At this time, all participants are in a lis ...

Dada Nexus Limited (NASDAQ:DADA) Q2 2023 Earnings Conference Call August 15, 2023 9:30 PM ET Company Participants Caroline Dong - Head, IR Jeff Huijian He - President and Director Beck Chen - CFO Conference Call Participants Ronald Keung - Goldman Sachs Thomas Chong - Jefferies Alicia Yap - Citigroup Lei Zhang - Bank of America Securities Andre Chang - JPMorgan Wei Xiong - UBS Operator Good morning, ladies and gentlemen, and thank you for standing by for Dada's Second Quarter 2023 Earnings Conference Call. ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of April 2023 Commission File Number 001-39305 Dada Nexus Limited (Translation of registrant's name into English) 22/F, Oriental Fisherman's Wharf No. 1088 Yangshupu Road Yangpu District, Shanghai 200082 People's Republic of China (Address of principal executive office) Indicate by check mark whether the re ...