China's online grocer Dada Nexus seeks to raise $280m in US IPO

China's online grocer Dada Nexus seeks to raise $280m in US IPO

REUTERS/Shannon Stapleton

Chinese online grocery firm Dada Nexus Ltd said on Monday it aims to raise up to $280.5 million in a U.S. initial public offering (IPO), attempting a listing on New York’s Nasdaq at a time of deepening tensions between Washington and Beijing.