Dada Group Announces Inclusion in MSCI ACWI Index

Rhea-AI Summary

Dada Group (Nasdaq: DADA), China's leading local on-demand delivery and retail platform, has been included in the MSCI ACWI Index, effective after the U.S. market close on May 27, 2021. This recognition follows MSCI's May 2021 Semi-Annual Index Review and highlights Dada's attractiveness to global investors. The MSCI ACWI Index encompasses large and mid-cap stocks across 23 developed and 27 emerging markets, covering about 85% of the global equity investment landscape.

Positive

• Inclusion in the MSCI ACWI Index recognizing the company's appeal to global investors.
• Access to a broader investor base, which may enhance stock visibility and liquidity.

Negative

• None.

SHANGHAI, May 26, 2021 /PRNewswire/ -- Dada Group (Nasdaq: DADA) ("Dada"), China's leading local on-demand delivery and retail platform, is pleased to announce that it will be included in the MSCI ACWI Index, effective after the U.S. market close on May 27, 2021. MSCI Inc., a leading provider of research-based indexes and analytics, announced this inclusion in its May 2021 Semi-Annual Index Review.

As a highly influential global equity index, the MSCI ACWI captures large and mid cap representation across 23 Developed Markets (DM) and 27 Emerging Markets (EM) countries. With 2,974 constituents, the index covers approximately 85% of the global investable equity opportunity set.

The inclusion of Dada Group in the MSCI ACWI Index recognizes its attractiveness to global investors.

About Dada Group

Dada Group is a leading platform of local on-demand retail and delivery in China. It operates JDDJ, one of China's largest local on-demand retail platforms for retailers and brand owners, and Dada Now, a leading local on-demand delivery platform open to merchants and individual senders across various industries and product categories. The Company's two platforms are inter-connected and mutually beneficial. The Dada Now platform enables improved delivery experience for participants on the JDDJ platform through its readily accessible fulfillment solutions and strong on-demand delivery infrastructure. Meanwhile, the vast volume of on-demand delivery orders from the JDDJ platform increases order volume and density for the Dada Now platform. In June 2020, Dada Group began trading on the Nasdaq Global Market, under the ticker symbol "DADA."

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SOURCE Dada Group

FAQ

What is the significance of Dada Group's inclusion in the MSCI ACWI Index?

Dada Group's inclusion in the MSCI ACWI Index highlights its attractiveness to global investors and enhances its stock visibility and liquidity.

When will Dada Group be officially included in the MSCI ACWI Index?

Dada Group will be included in the MSCI ACWI Index effective after the U.S. market close on May 27, 2021.

What does the MSCI ACWI Index represent?

The MSCI ACWI Index captures large and mid-cap representation across 23 developed markets and 27 emerging markets, covering approximately 85% of the global investable equity opportunity set.

What does Dada Group do?

Dada Group operates JDDJ, a major local on-demand retail platform, and Dada Now, a leading local on-demand delivery platform in China.