Why Dada Nexus Stock Rocketed Almost 22% Higher on Tuesday

By Yahoo! Finance | Sep 17, 2024 at 06:15 PM EST

Dada Nexus saw a 22% increase in its stock value after Walmart sold its stake to JD.com. The move increased JD.com's ownership to over 63%, signaling confidence in Dada's potential. This shift in ownership reflects Walmart's strategic changes in the Asian market.

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