Dada Nexus Shareholders Approve Merger with JD Sunflower

Dada Nexus ( (DADA) ) has provided an update.

On June 10, 2025, Dada Nexus Limited announced that its shareholders approved the Merger Agreement with JD Sunflower Investment Limited, leading to the company’s transition to a privately held entity. The merger, initially announced on April 1, 2025, will result in Dada Nexus becoming a wholly owned subsidiary of JD Sunflower Investment Limited, with its ADSs delisted from the NASDAQ Global Select Market. Approximately 92.1% of votes cast at the extraordinary general meeting favored the merger, which is subject to certain conditions. This move is expected to impact the company’s market presence and operational structure significantly.

The most recent analyst rating on (DADA) stock is a Buy with a $1.70 price target. To see the full list of analyst forecasts on Dada Nexus stock, see the DADA Stock Forecast page.

Spark’s Take on DADA Stock

According to Spark, TipRanks’ AI Analyst, DADA is a Neutral.

Dada Nexus struggles with financial performance, particularly in profitability and cash flow management, which are significant concerns. While technically the stock shows upward momentum, the lack of comprehensive financial health and negative valuation metrics paint a cautious picture for potential investors.

To see Spark’s full report on DADA stock, click here.

More about Dada Nexus

Dada Nexus Limited is a leading local on-demand retail and delivery platform in China. It operates JD NOW, one of the largest local on-demand retail platforms, and Dada NOW, a leading delivery platform. These platforms are interconnected, enhancing order volume and delivery experiences across various industries and product categories.

Average Trading Volume: 2,637,617

Technical Sentiment Signal: Buy

Current Market Cap: $520.9M

Find detailed analytics on DADA stock on TipRanks’ Stock Analysis page.