JD.com Unit Dives 46% After Disclosing ‘Suspicious’ Revenue

A high-profile JD.com Inc. unit disclosed it’s investigating “suspicious practices” including the overstatement of some 1 billion yuan ($140 million) of revenue and costs, triggering a 46% collapse in its share price. • None Chinese Billionaire Is Second-Biggest Foreign Owner of US Land Dada Nexus…

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