Wolf Popper LLP Announces Investigation on Behalf of Investors in Dada Nexus Limited

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 ...