Jingdong Responds To Dada Jingdong's Plan To Come To The US Next Year

On August 19th, before the media, "IPO knew it earlier", according to a news agency quoted DLU, dada Jingdong was in close discussions with a number of investment banks so as to be able to list in the US in May 2020. The estimated amount of fund-raising is $500 million. In response, Jingdong responded by saying: no comment.

Statistics show that dada Jingdong is located in the "city express information service platform and unbounded retail instant consumption platform". At present, it has covered more than 450 major cities in the country, serving over 1 million 200 thousand business users and over 70 million users. The Jingdong has also covered nearly 67 major cities such as Beijing, Shanghai and Guangzhou, with about 74000000 registered users and more than 30 million active users per month.

According to the media, dada was established in June 2014 and was invested in millions of dollars in Sequoia Capital (China) in July by A. At the end of 2015, the $300 million D round of DST and Sequoia Capital Investment in China was completed and the valuation exceeded 1 billion US dollars.

Jingdong was formally launched in April 2015. As a O2O subsidiary of Jingdong group, it provides community supermarket distribution service and life service items for consumers.

In April 15, 2016, the two sides jointly announced the final agreement on the merger. After the merger, Jingdong traded in assets of Jingdong, Jingdong group's business resources and $200 million cash for new dada's 47.4% stake and became a single major shareholder. In August 2018, dada Jingdong completed the last round of US $500 million financing, which was increased by WAL-MART and Jingdong, and the total amount of financing up to that time was more than US $1 billion 300 million.

In April of this year, rumors of dada Jingdong came to consider listing in the US. At that time, Jingdong responded to reporters at home and said that there was no listing plan at present.

In August 12, 2019, dada - Jingdong's registered capital increased to $700 million. Then, former CEO Kui Jia Qi resigned from office, and former general manager Yao Jun took over the post of CEO. And this is also considered by the media that the date of the arrival of dada Jingdong is approaching.