BOSTON, Jan. 17, 2024 (GLOBE NEWSWIRE) -- A class action lawsuit has been filed against Dada Nexus Ltd. ADR (NASDAQ:DADA) for securities law violations. Investors who purchased shares and have lost money are encouraged to contact the firm to learn more about how they might recover those losses. For more details, visit https://www.blockleviton.com/cases/dada.
What is this all about?
Before the market opened on January 8, 2024, Dada Nexus disclosed having identified suspicious practices in a routine audit, and that as a result the Company's revenue guidance should no longer be relied on. Dada Nexus estimates that revenues from online advertising and marketing services, and operations and support costs may have been overstated for ...