Dada Nexus Limited - American Depositary Shares (DADA)

Key Takeaways: JD.com has signaled it’s preparing to enter China’s massive takeout dining market, most likely using its Dada Nexus local delivery service as a foundation

Let's have a look at the gap up and gap down stocks in today's session.

As the US market prepares to open on Monday, let's get an early glimpse into the pre-market session and identify the stocks leading the pack in terms of gains and losses.

Chinese stocks rallied again on the day.

Dada Nexus received a proposal from JD.com to acquire all shares at $2 per ADS ($0.50 per Ordinary Share) in cash, representing a 42% premium. Board forming committee to evaluate. No guarantee of offer or completion.

Industrial companies and the finance sector in particular should feel the impact of lower interest rates and other new economy-boosting measures.

The company was on the receiving end of a big move by a giant American peer and investor.

The U.S retail giant just liquidated its entire stake in the Chinese e-commerce leader.

Key Takeaways: Walmart has sold its stake in JD.com at a time when its Chinese operations are flying on a growing local preference for Costco-style warehouse shopping JD.com continues to face stiff competition in China’s tough e-commerce market as consumption in the country remains sluggish By Xiao Lin

DADA stock results show that Dada Nexus beat analyst estimates for earnings per share and beat on revenue for the second quarter of 2024.

DADA stock results show that Dada Nexus missed analyst estimates for earnings per share and missed on revenue for the first quarter of 2024.