Dada Nexus: Up on partnering with regional supermarket chains in China

Dada Nexus

15/01/2021 10:17

** Shares of online Chinese grocery firm  DADA.O  up 2% at
$42.50 in premarket trading - set for a second straight session
of gain
    ** DADA's local on-demand delivery and retail platform, JD
Daojia, announces new partnerships with more than 20 regional
supermarket chains in China  urn:newsml:reuters.com:*:nPnMrkF0a
    ** Co says it will continue to expand its business into
lower-tier cities and establish partnerships with more of
China's top supermarkets and regional leaders
    ** Up to Thursday's close, stock had risen ~160% since its
June IPO  urn:newsml:reuters.com:*:nL4N2DI3DN

 (Reporting by Tiyashi Datta in Bengaluru)
 ((tiyashi.datta@thomsonreuters.com))