Jingdong Will Increase Its Holdings By 800 Million US Dollars, And Dada Will Hold About 51% Of The Shares After The Increase

On March 22, Jingdong group announced that it would subscribe for the newly issued common shares of dada group for us $800 million. After the transaction, including its current shares, Jingdong will hold about 51% of the shares of dada group.

The increase marks the further deepening of Omni channel cooperation between the two sides. JD group will fully support the development of dada group in the field of local instant retail and instant distribution, and dada will strategically undertake the business of Jingdong instant retail and instant distribution.

Kuai Jiaqi, founder, chairman of the board of directors and CEO of dada group, said: "dada group will further deepen its strategic cooperation with JD, and will obtain the full support of Jingdong group in the field of local instant retail and instant distribution. The synergy advantage of both sides aims to provide more perfect services for more consumers, boost the development of the real economy, win-win with partners, and create greater value for the society. Dada will strategically undertake the real-time retail and distribution business of JD, comprehensively expand the cooperation with JD in the omni channel field, and expand to multi scene and multi category. We will continue to deepen the field of real-time retail and logistics, and accelerate the industry towards the era of "thousands of good things, instant access"

Xu Lei, CEO of Jingdong retail group, said: "Jingdong group and dada group have always maintained close cooperation for a long time, providing integrated solutions for online and offline integration of retail industry, and improving the level of digital intelligence for partners. The increase of Jingdong group's holding of dada group is more conducive to promoting both sides to accelerate the expansion of real-time retail, instant distribution and omni channel cooperation, which helps us to further enrich the diversification of retail services, help retail partners, especially physical enterprises, to continuously optimize their cost, efficiency and experience, accelerate their digital and intelligent upgrading, and bring faster, better and better services to consumers Add rich services. "