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JD.com Acquires Walmart's Stake in Dada Nexus

JD.com, 9/17/24

Chinese B2C e-commerce platform operator and retail infrastructure service provider JD.com (Nasdaq: JD; 9618.HK) announced today in a Hong Kong stock exchange filing that, via a wholly-owned subsidiary, it has acquired Walmart's entire stake in on-demand delivery service firm Dada Nexus (Nasdaq: DADA). The deal raises JD.com's stake in Dada Nexus by 9.3 percentage points to 63.2%.

Following the sale, Walmart China CEO Christina Zhu (Zhu Xiaojing) will leave Dada Nexus's board.

Keywords: investment e-commerce Internet Zhu Xiaojing JD.com JD Dada Nexus 9618.HK M&A

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