Chinese on-demand delivery platform, Dada Nexus jumps 8% on investment by JD.com
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JD.com's (NASDAQ:JD) investment in Chinaâs leading local on-demand delivery and retail platform, Dada Nexus (NASDAQ:DADA)
has obtained all the requisite regulatory approvals.

 It is currently expected that this transaction will close by end of February 2022. 
Upon closing, Dada will issue to JD.com certain number of ordinary shares in consideration for $546M in cash and certain strategic resources from JD.com. 

JD.com will hold, taking into account its existing shareholding, ~52% of Dadaâs issued and outstanding shares and expects to consolidate financial statements. 
Mr. Jun Yang will resign from his position as a director of the board of directors of Dada, effective upon closing of the transaction.
DADA shares +8.4% during pre-market trade.
JD shares +0.6% during pre-market trade.