Core Viewpoint - Dada Nexus Limited has completed its merger with JD Sunflower Merger Sub Limited, becoming a wholly owned subsidiary of JD.com, Inc., and will cease to be a publicly traded company [1][2]. Group 1: Merger Details - The merger was approved by Dada's shareholders on June 10, 2025, and became effective on June 16, 2025 [2]. - Each American depository share (ADS) will be cancelled in exchange for US$2.0 in cash, while each ordinary share will be cancelled for US$0.5 in cash, excluding certain shares [2]. - Registered shareholders will receive instructions on how to surrender their shares for the merger consideration [3]. Group 2: Trading and Reporting Suspension - Dada has requested the suspension of trading of its ADSs on Nasdaq effective June 17, 2025, and will file a Form 25 for delisting [4]. - The company intends to suspend its reporting obligations under the Securities Exchange Act of 1934 by filing a Form 15 with the SEC [4]. Group 3: Advisory and Legal Counsel - Kroll, LLC is serving as the financial advisor to the Special Committee of independent directors [5]. - UBS AG Hong Kong Branch is the financial advisor to JD, with legal counsel provided by Skadden, Arps, Slate, Meagher & Flom LLP [6]. Group 4: Company Overview - Dada Nexus Limited is recognized as China's leading local on-demand retail and delivery platform, operating JD NOW and Dada NOW, which are interconnected to enhance delivery efficiency [7][8].

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 Limite ...

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 A ...