Delivery Specialist Dada Nexus Finds Growing Comfort in JD Ties

Company’s latest results reflect its growing reliance on local grocery delivery business with its majority shareholder Key takeaways: The latest signals from Dada Nexus show it’s tying its fortunes more tightly to its majority shareholder JD.com The company is emerging as the delivery arm for JD.com’s grocery business, and could even be acquired eventually by JD or one of its units    By Doug Young In China’s increasingly bloody world of delivery services, Dada Nexus Ltd. (Nasdaq: DADA) is increasingly hitching itself to its parent, e-commerce giant JD.com. That’s the biggest…

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