Dada Nexus surges on JD.Com investment

Dada Nexus

22/03/2021 16:41

** U.S. shares of Dada Nexus Ltd  DADA.O  up 7.20% on Mon
after China's JD.Com  JD.O   9618.HK  said it would invest $800
million in the on-demand delivery platform
    ** JD's newest investment in DADA gives it a stake of about
51% in the co  urn:newsml:reuters.com:*:nL4N2LK38C. U.S. shares of JD about flat
    ** DADA at one point in Mon's session was up 14%
    ** With move on Mon, DADA down 14% YTD vs Nasdaq's  .IXIC 
4% increase

 (Reporting by Noel Randewich)
 ((noel.randewich@tr.com; (415) 677 2542, Twitter: @randewich;))