Brief: Jd.Com And Dada Announce Progress Update On Investment In Dada

Dada Nexus

25/02/2022 12:39

Feb 25 (Reuters) - JD.Com Inc  9618.HK :
    * JD.COM AND DADA ANNOUNCE PROGRESS UPDATE ON INVESTMENT IN
DADA
    * JD.COM INC - JD.COM'S INVESTMENT IN DADA HAS OBTAINED ALL
REQUISITE REGULATORY APPROVALS
    * JD.COM INC - CURRENTLY EXPECTED THAT TRANSACTION WILL
CLOSE BY
END OF FEBRUARY 2022
    * JD.COM INC - JUN YANG WILL RESIGN FROM HIS POSITION AS A
DIRECTOR OF BOARD OF DIRECTORS OF DADA, EFFECTIVE UPON CLOSING
OF TRANSACTION

Source text for Eikon:  ID:nGNX1LbPB1 
Further company coverage:  9618.HK 

 ((Reuters.Briefs@thomsonreuters.com;))