|Bid||0.00 x 900|
|Ask||0.00 x 1100|
|Day's Range||25.65 - 27.77|
|52 Week Range||14.60 - 29.00|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||21.20|
Dada Group (Nasdaq: DADA) ("Dada" or the "Company"), China's leading local on-demand delivery and retail platform, today announced record sales during the 2020 618 Shopping Festival (the "Festival"), China's major mid-year online shopping event, held from June 6th to June 19th on the Company's platforms.
Chinese online grocery seller Dada Nexus Ltd. (NASDAQ: DADA) CEO said the company welcomed "better auditing and regulation," as it began trading at the Nasdaq Stock Market on Friday.US-China Tensions Temporary, CEO Says "We particularly welcome better auditing and regulation," Philip Kuai said, according to a CNBC translation from Mandarin."Only when your entire environment is as healthy as possible will the interests of everyone -- investors, users, etc. -- be protected, and the market develops in a healthy way."Kuai said the tensions between the United States and China are temporary, CNBC reported.US Lawmakers Pose Delisting Threat Dada has seen a surge in business during the novel coronavirus (COVID-19) pandemic in China, as demand for home delivery of goods increased.The company raised $320 million in its initial public offering last week at $16 per American Depositary Share and is valued at $3.5 billion post-IPO.Dada listed at Nasdaq at a time when the U.S. Senate has passed a bill that will require Chinese companies to establish that they aren't owned or controlled by the Beijing government, or otherwise get delisted.Major Chinese companies listed in the U.S., including Dada investor JD.com Inc. (NASDAQ: JD) that aren't already listed on a secondary market abroad, have been considering having a backup, the Financial Times reported.Price Action Dada shares closed slightly lower at $15.99 on the first day of trading on Friday, and further slipped at $15.87 in the after-hours session.See more from Benzinga * Apple Gets Patent For Socially-Distanced Group Selfies * Amazon Faces Lawsuit From Workers For Neglecting CDC, New York Guidelines On Coronavirus * Oil Inches Higher As OPEC And Allies Extend Historic Production Cuts By Another Month(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Dada Group (“Dada” or the “Company”), China’s leading local on-demand delivery and retail platform, today began trading on the Nasdaq Stock Exchange under the ticker symbol “DADA” following its initial public offering. To commemorate this corporate milestone, the Company held a special listing day event at Shanghai Tower, the tallest building in China and the second tallest in the world, drawing attendance from its Board of Directors, retail and brand partners, investors, riders, employees and media correspondents.
SHANGHAI, China, June 05, 2020 -- Dada Nexus Limited (NASDAQ: DADA) (“Dada” or the “Company”), a leading platform for local on-demand retail and delivery in China, today.