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Why Dada Nexus Stock Was Blasting Higher This Week

Why Dada Nexus Stock Was Blasting Higher This Week

As a result, its shares were up a very tasty 39% week to date as the sun rose on Friday, data compiled by S&P Global Market Intelligence revealed. On Tuesday, Dada Nexus set the stage for its encouraging third quarter by unveiling its performance on Singles Day. This is an unofficial but very popular holiday in China that commemorates, you guessed it, people currently without partners (it's also known as "Double 11," as it falls on Nov. 11).