Why Dada Nexus Zoomed Nearly 12% Higher Today
Chinese food-delivery giant Dada Nexus (NASDAQ: DADA) saw its stock rise by 11.9% on Wednesday. Investors believe the shares are looking more beautiful following news of a fresh collaboration with a peer in that country.
Dada said in a press release that its JD Daojia (JDDJ) unit is partnering with Perfect Diary, a cosmetics business held by beauty products specialist Yatsen Holdings, to provide a new delivery channel for Perfect Diary's offerings.
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Source Fool.com
