SAN FRANCISCO, Jan. 09, 2024 (GLOBE NEWSWIRE) -- Hagens Berman urges Dada Nexus Limited (NASDAQ:DADA) investors who suffered substantial losses to submit your losses now.
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Dada Nexus Limited (DADA) Investigation:
"We are investigating the propriety of Dada Nexus' revenue recognition and other accounting practices during at least its fiscal 2023," said Reed Kathrein, the Hagens Berman partner leading the firm's investigation.
On Jan. 8, 2024, Dada Nexus announced that it identified "suspicious practices that may cast doubt on certain revenues from the Company's online advertising and marketing services in 2023." The company also said that it "currently estimates that approximately RMB500 million of revenues from online ...