NEWS WRAP: JD.com completes Dada Nexus takeover with privatization bid
The e-commerce giant has gradually boosted its stake in Dada since the intra-city delivery company’s 2020 IPO, and currently holds 63% of Dada’s shares By Doug Young E-commerce giant…
BRIEF: BingEx shares jump in U.S. trading debut
Shares of intracity delivery company BingEx Ltd. (FLX.US) jumped 9% in their U.S. trading debut on Friday, buoyed by a recent rally for overseas-listed Chinese stocks. The company said it…
BingEx delivers profitable IPO option for U.S. investors
The intracity courier’s $100 million listing could be the largest by a Chinese company in New York since Zeekr listed in May Key Takeaways: With $388 million in mezzanine financing…
