Shares of Dada Nexus Ltd (NASDAQ:DADA) jumped after its majority shareholder, Chinese e-commerce giant JD (NASDAQ:JD).com, submitted a non-binding proposal to take the delivery company private.

China’s leading local on-demand retail and delivery platform, today announced that its board of directors (the “Board”) has received a preliminary non-binding proposal letter (the “Proposal Letter”), ...

Shares of Dada Nexus (NASDAQ: DADA) were soaring today on news that JD.com (NASDAQ: JD) had proposed acquiring all of its outstanding shares for $2 per American Depositary Share. JD.com ...