A delivery driver sorts parcels outside a JD.com warehouse in Shanghai on March 29, 2020. Photo: Bloomberg

JD.com-backed delivery platform Dada Nexus lines up for a US stock sale even as bitter aftertaste of Luckin Coffee’s scandal lingers

  • The on-demand-delivery company could raise about US$500 million in the listing, Bloomberg News reported
  • Dada Nexus, which merged with JD’s JD Daojia unit in 2016, has failed to generate an annual profit since its founding in 2014
Topic |   IPO
A delivery driver sorts parcels outside a JD.com warehouse in Shanghai on March 29, 2020. Photo: Bloomberg
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