JD.com Completes $2.00/ADS Takeover of Dada Nexus (DADA), Taking Delivery Platform Private

Dada Nexus Ltd (NASDAQ:DADA) is one of Goldman Sachs’ top Chinese stock picks. On June 16, the company completed its privatization through a merger with JD Sunflower Merger Sub Limited, a wholly owned subsidiary of JD.com. Shareholders approved the deal at $2.00 per ADS and $0.50 per ordinary share, making Dada a fully owned JD.com entity and delisting it from Nasdaq effective June 17.

JD.com Completes $2.00/ADS Takeover of Dada Nexus (DADA), Taking Delivery Platform Private

As part of the transition, Dada Nexus will file Form 15 with the SEC to suspend its reporting obligations, officially exiting U.S. public markets. The move marks a strategic shift as the company becomes a private subsidiary under JD.com’s umbrella.

This acquisition strengthens JD.com’s competitive edge by integrating Dada’s advanced local delivery infrastructure into its broader e-commerce ecosystem. The deal was supported by financial advisors Kroll and UBS, with legal counsel from Gibson Dunn and Skadden.

Dada Nexus Ltd (NASDAQ:DADA) runs China’s leading on-demand retail and delivery platform. Its JD NOW service connects consumers with retailers and brands for local shopping via web and mobile. At the same time, Dada NOW offers real-time, last-mile delivery across cities for businesses of all sizes and individual users. Together, the platforms create a seamless ecosystem for fast, local commerce.

While we acknowledge the potential of DADA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None.