JD.com Unit Dada Nexus Discloses 'Suspicious' Revenue
A delivery worker for JD Daojia, operated by Dada Nexus Ltd., outside a Walmart Inc. store in Shanghai, China, on Wednesday, Jan. 10, 2024. Dada Nexus, a high-profile JD.com Inc. unit, disclosed it's investigating "suspicious practices" including the overstatement of some 1 billion yuan ($140 million) of revenue and costs, triggering a 46% collapse in its share price. Photographer: Qilai Shen/Bloomberg via Getty Images
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