SHAREHOLDER ALERT: Johnson Fistel Investigates Dada Nexus Following Internal Audit

San Diego, California - Newsfile Corp. - January 9, 2024 - Johnson Fistel, LLP is investigating Dada Nexus (NASDAQ: DADA) ("Dada" or the "Company") for potential securities law violations. Shareholders who have incurred losses on their investment in the company are encouraged to contact the firm to learn about potentially recovering their losses. For more details on the investigation, visit https://www.johnsonfistel.com/investigations/dada-nexus.

What is Johnson Fistel investigating? On January 8, 2024, Seeking Alpha reported that Dada said it identified some suspicious practices in a routine audit and that its revenue guidance should no longer be relied on. "In the course of its routine internal audit, certain suspicious practices were identified that may cast doubt on certain revenues from the Company's online advertising and marketing services in 2023." For more information, contact Jim Baker at [email protected] or (619) 814-4471.

The investigation pertains to whether executives at the company misrepresented or failed to timely disclose material and adverse information to investors.

What if I have relevant nonpublic information? Individuals with nonpublic information regarding the company should consider whether to assist our investigation or take advantage of the SEC Whistleblower program. Under the SEC program, whistleblowers who provide original information may, under certain circumstances, receive rewards totaling up to thirty percent of any successful recovery made by the SEC. For more information, contact Jim Baker at (619) 814-4471 or [email protected].

About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York, Georgia, and Colorado. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com.

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Contact:
Johnson Fistel, LLP
501 W. Broadway, Suite 800, San Diego, CA 92101
James Baker, Investor Relations or Frank J. Johnson, Esq., (619) 814-4471
[email protected] or [email protected]