SEC Orders Dada Nexus to Cease and Desist Over Revenue Overstatements
September 12, 2026
September 12, 2026
WASHINGTON, Sept. 12 -- The Securities and Exchange Commission issued an order instituting administrative proceedings against Dada Nexus Limited, Shanghai, China (File No. 3-22716). The action stems from an administrative proceeding under Section 21C of the Securities Exchange Act of 1934, resolving allegations of improper financial reporting.
The Commission accepted an Offer of Settlement from Dada, an on-demand retail and delivery platform headquartered in Shanghai, China. Under t . . .
The Commission accepted an Offer of Settlement from Dada, an on-demand retail and delivery platform headquartered in Shanghai, China. Under t . . .