Dada Nexus (NASDAQ:DADA) shares are trading higher on Thursday after a 13G filing showed Walmart holds a 10.7% stake in the company.
Dada Nexus is a platform of local on-demand retail and delivery in China. It operates JD-Daojia (JDDJ), China's local on-demand retail platform, and Dada Now, a local on-demand delivery platform in China.
Dada Nexus shares were trading up 5% at $21.12 at the time of publication on Thursday. The stock has a 52-week high of $23 and a 52-week low of $14.60.
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