【Hong Kong Archives】
On April 2,Hong Kong Archives JD.com announced a salary upgrade for Dada employees, increasing pay to 19 months’ salary this year and 20 months’ salary in 2025. Additionally, some outstanding Dada employees will receive JD Group stock grants. The announcement follows Dada’s merger agreement with JD Sunflower Investment Ltd. and its wholly owned subsidiary, JD Sunflower Merger Sub Ltd. Under the deal, Dada will merge with the subsidiary and become a wholly owned subsidiary of JD.com. Upon completion, Dada’s ADS will be delisted. The merger, approved by Dada’s board, is expected to be finalized in the third quarter of 2025. Dada couriers play a key role in JD.com’s growing food delivery business. In February, JD signed contracts with its first full-time delivery riders, many of whom had previously worked for Dada. As of March 20, JD’s food delivery service had signed formal employment contracts with more than 10,000 full-time riders. By March 24, daily orders had surpassed 1 million. [Yicai, in Chinese]
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