Chinese Delivery Firm Dada-JD Daojia Reportedly Seeking To Raise $500M In IPO

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Dada-JD Daojia, an online grocery delivery firm controlled by Chinese ecommerce giant JD.com, is seeking for an initial public offering on Nasdaq Stock Exchange in 2020, raising US$500 million to US$1 billion depending on market conditions, according to reports in Caixin.

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