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Benzinga
Benzinga
Business
The Bamboo Works

JD.com Pays Big Premium For Majority Control of Dada Nexus

Key Takeaways:

  • JD.com will take majority control of Dada Nexus for a big premium, completing a deal the two first announced a year ago
  • Deal may have been delayed by Beijing regulators, who are wary of the growing influence of China’s biggest technology companies
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