On September 17, Beijing time, the US stock announcement showed that JD had completed the acquisition of Dada shares held by Wal Mart, and its shareholding ratio had risen to more than 60%.
21st Century Business Herald reporters learned from insiders at JD.com that increasing its holdings in Dada Group demonstrates JD's sufficient confidence in Dada's long-term stable development, recognizes Dada's future prospects, values Dada's position in the JD ecosystem, and looks forward to further deepening the strategic partnership between the two sides.
Dada has long been an important part of the JD ecosystem and continues to benefit from extensive empowerment from the JD ecosystem.
In May of this year, Dada fully integrated and upgraded its instant retail brands JD Houda and JD Home to the "JD Instant Delivery" brand, accelerating its full integration into the JD ecosystem, unifying JD's business image in the instant retail field, and continuously optimizing user experience.
Dada and Wal Mart have also maintained good cooperation for many years, and both sides have achieved stable results in their respective strategic goals.
As for whether this transaction will affect the cooperation between the two parties, insiders of Dada told the 21st Century Business Herald that this transaction is only a change in equity investment, and the relationship between Dada and Wal Mart at the business level will not be affected. Both parties are still important strategic partners of each other, and they also expect to continue to maintain stable cooperation and long-term business exchanges in the future.