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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