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JD-SW Acquires Shrs of Dada from Walmart's Arm
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A logistics company in Mainland China, Dada (DADA.US), announced that JD-SW (09618.HK) purchased 87.5 million ordinary shares and 1.875 million ADSs in Dada held by a subsidiary of Walmart (WMT.US). Dada expressed its hope to maintain its mutually beneficial business cooperation with Walmart. As for JD's investment, it demonstrated the company's unique role in JD's broader ecosystem and reflected JD's confidence in the company's long-term growth and development. AAStocks Financial News |
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