Defendant Name: Dada Nexus Limited

Defendant Type: Public Company
SIC Code: 9999
CUSIP: 23344D10

Initial Case Details

Legal Case Name In the Matter of Dada Nexus Limited
First Document Date 11-Sep-2026
Initial Filing Format Administrative Action
File Number 3-22716
Allegation Type Issuer Reporting and Disclosure

Violations Alleged

Exchange Act
• Rule 12b-20
• Sec 13(a)
• Sec 13(b)(2)(A)
• Sec 13(b)(2)(B)
Other
• Rule 13a-16 Exchange Act

Resolutions

First Resolution Date 11-Sep-2026
Headline Total Penalty and Disgorgement

See Related Documents

Related Documents:

34-106344 11-Sep-2026 Administrative Proceeding
Order Instituting Cease and Desist Proceedings Pursuant to Section 21C of the Securities and Exchange Act of 1934, Making Findings, and Imposing a Cease-and-Desist Order
On September 11, 2026, the SEC instituted settled cease-and-desist orders against Dada Nexus Limited, stating: "From October 2022 through September 2023 (the “Relevant Period”), Dada, an on-demand retail and delivery platform headquartered in Shanghai, People’s Republic of China (“China”), engaged in sham transactions concerning certain online advertising and marketing transactions that lacked any apparent business substance and were conducted primarily to meet revenues targets (the “Transactions”), which resulted in Dada materially overstating net revenues and operation and support costs, in the amounts of approximately RMB 568 million (approximately $80 million) and approximately RMB 576 million (approximately $81 million), respectively, in unaudited earnings releases furnished with the Commission on Forms 6-K for the fourth quarter of fiscal year 2022 and the first three quarters of fiscal year 2023. This included Dada reporting materially overstated net revenues in unaudited financial results furnished with the Commission for the second and third quarters of fiscal year 2023 by 8% and 9%, respectively."