Retail in Asia

Featured’s investment in Dada obtains requisite regulatory approvals

Supply chain-based technology and service provider and Dada Nexus Limited (“Dada”), China’s local on-demand delivery and retail platform, jointly announced on 25th February that’s investment in Dada has obtained all the requisite regulatory approvals. The transaction is expected to close by the end of February 2022. 

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Upon the closing of this transaction, Dada will issue to a certain number of ordinary shares of Dada in consideration for US$546 million in cash and certain strategic resources from 

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