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.

Dada Nexus shares surged after the delivery company's majority shareholder, Chinese e-commerce giant JD.com, made a non-binding proposal to take it private. U.S.-listed shares of Dada Nexus were up 26 ...

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Dada Nexus received a proposal from JD.com to acquire all shares at $2 per ADS ($0.50 per Ordinary Share) in cash, ...

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