Dada Nexus Adopts $70M Stock Buyback Program

Dada Nexus Ltd (NASDAQ:DADA) board of directors has authorized a share repurchase program of up to $70 million during the next twelve-month period.
The company plans to fund the repurchase out of its existing cash balance.
The company held RMB1.76 billion in cash and equivalents as of December 31, 2021.
Also, See Dada Nexus' Q4 Results
Price Action: DADA shares are trading higher by 3.66% at $7.36 in premarket on the last check Friday.