Goldman Sachs China Stocks: 10 Stocks to Buy

Goldman Sachs remains optimistic about Chinese stocks, predicting that a 1% appreciation in the Yuan could boost equities by 3%. The firm highlights improved corporate earnings and foreign inflows as key drivers. They have identified 10 stocks to buy, including Pony AI and Dada Nexus, which are expected to benefit from advancements in AI and strategic mergers. Morgan Stanley also supports this bullish outlook, noting that Chinese stocks perform well with a rising currency. Overall, the Chinese market is seen as resilient amid trade tensions with the US.

Dada Announces Completion of Going Private Transaction

SHANGHAI, China, June 16, 2025 ( GLOBE NEWSWIRE ) -- Dada Nexus Limited DADA "Dada" or the "Company" ) ) , China's leading local on-demand retail and delivery platform, today announced the completion of the merger ( the "Merger" ) with JD Sunflower Merger Sub Limited ( "Merger Sub" ) , a wholly ...

Dada Nexus merges with JD Sunflower, becoming wholly owned by JD.com, Inc., going private from being a publicly traded company.

Dada Nexus Limited has merged with JD Sunflower Merger Sub Limited, becoming wholly owned by JD.com, Inc. This merger, finalized on June 16, 2025, means Dada is no longer a publicly traded company. The agreement was established on April 1, 2025, resulting in Dada's delisting from the stock market.

Dada has completed its privatization

Dada Nexus' Shareholders Approve Merger With JD Sunflower Investment

Dada Nexus said Tuesday its shareholders have approved the company's previously announced proposed merger with JD.com's JD Sunflower Investment unit. Under the terms of the merger, Dada Nexus will become a wholly-owned unit of JD Sunflower Investment, the company said, adding that it will become a privately-held company upon merger completion. The deal was first announced on April 1. DADA and JD shares were down 1% and 1.1%, respectively, in recent trading.