Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Dada Nexus Soared Today

TheMotleyFool

0 0

The American depositary shares (ADS) of Dada Nexus (NASDAQ: DADA) zoomed higher on a busy Tuesday for the Chinese company. A combination of factors powered those ADS nearly 14% higher on the day.

The first, and clearly most influential, factor in Dada's Tuesday triumph was earnings. The food delivery company published its first-quarter figures after market close on Monday, revealing that it grew revenue 52% year over year to 1.67 billion yuan ($261 million). That was on the back of gross merchandise volume (GMV) that rose 79% to just over 28 billion yuan ($4.4 billion).

Image source: Getty Images.

Source Fool.com

Like: 0

DADA

Share