Summary by Moomoo AI
JD.com, Inc., a leading e-commerce company, has disclosed through a Form 6-K filing with the U.S. Securities and Exchange Commission that its consolidated subsidiary, Dada Nexus Limited, has identified suspicious practices during a routine internal audit. These practices raise concerns about the legitimacy of certain revenues from Dada's online advertising and marketing services, as well as its operations and support costs for the first three quarters of 2023. In response, Dada's audit committee has initiated an independent review with the help of external professional advisers. The review was announced on January 8, 2024, and further details can be found in Dada's current report on Form 6-K of the same date. JD.com has reiterated its commitment to high standards of corporate governance, internal controls, and transparent disclosure in accordance with regulatory requirements.