Skadden Advises Dada Nexus On USD 1.4bn Merge With JD Daojia

25 April, 2016

Dada Nexus Limited, which operates China's largest crowdsourcing delivery platform, has entered into definitive agreements with JD.com Inc. (NASDAQ: JD), whereby JD.com will contribute its existing online-to-offline business unit (JD Daojia Business) and US$200 million in cash to Dada in exchange for a 47.4% stake in Dada.  The US$1.4 billion deal was announced on April 15, 2016.
 
Skadden is representing Dada.  The Skadden Hong Kong team includes partner Julie Gao, and associates Hongtao Lu and Weiwei Chen.

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