Foreign Media: Dada - Jingdong Hired A Bank To Take Charge Of IPO Matters In The US

On September 25th, according to media reports, dada Jingdong hired a bank to take charge of IPO matters in the United States. As early as August 17th, foreign media said that Jingdong's joint venture "Jingdong came home" is negotiating to raise $500 million in the US IPO, so that Jingdong will be listed in the United States next May.

However, specific timing and amount of financing may still make adjustments to the market situation. In response, Jingdong responded by saying: no comment.

In fact, as early as April this year, Reuters has exposed dada Jingdong's potential listing plan. At that time, Jingdong responded to reporters at home and said that there was no listing plan at present.

In August, dada - Jingdong's main operator of the company came to a number of business changes. Sky eye showed that in August 12th and 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.

According to official website information, dada Jingdong is mainly located in the city courier information service platform and unbounded retail instant consumption platform. Among them, dada has now 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, Jingdong is a joint venture owned by Jingdong and a 10% stake owned by WAL-MART. In April 15, 2016, Jingdong announced that it had reached a final agreement on the merger of O2O's subsidiary Jingdong and its crowdsourcing logistics platform. 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.