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on september 17, a u.s. stock announcement showed that jd.com had completed the acquisition of dada shares held by walmart, increasing its shareholding ratio to more than 60%.

regarding the purpose of increasing its stake in dada group, jd.com insiders revealed that this move shows that jd.com always has sufficient confidence in dada's long-term and stable development. it also reflects the optimism and recognition of dada's future prospects, the importance of dada's position in the jd.com ecosystem, and the expectation of further deepening the strategic partnership between the two parties.

dada has long been an indispensable part of jd.com's ecosystem, and has continued to benefit from the extensive empowerment of jd.com's ecosystem. in may this year, dada announced that its business will accelerate its full integration into the jd.com ecosystem, and its instant retail brands jd hourly delivery and jd home delivery have also been fully integrated and upgraded to a unified "jd second delivery" brand to be launched on the market, continuously improving industry competitiveness while continuously optimizing user experience.

dada and walmart have maintained good cooperation for many years, and both parties have achieved stable results in their established strategic goals. as to whether this transaction will affect the cooperation between the two parties, dada insiders said that this transaction is only a change in the equity investment level, and the business relationship between dada and walmart will not be affected. the two parties are still important strategic partners of each other and look forward to maintaining stable cooperation and long-term business dealings in the future.