Document:

EX-10.12

 Exhibit 10.12 

CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY [***], HAS BEEN OMITTED BECAUSE DADA NEXUS LIMITED HAS DETERMINED
SUCH INFORMATION (I) IS NOT MATERIAL AND (II) WOULD LIKELY CAUSE COMPETITIVE HARM TO DADA NEXUS LIMITED IF PUBLICLY DISCLOSED. 

Business Cooperation Agreement 
 This
Business Cooperation Agreement (“this Agreement”) is dated 26 April 2016 (“Effective Date”) and made between: 
  

	(1)	 JD.com, Inc., a company duly incorporated under the laws of Cayman Islands with registered address at PO
Box 309, Ugland House, Grand Cayman, KY1-1104, Cayman Islands (collectively referred to as “JD” together with its affiliates); and 

 

	(2)	 Dada Nexus Limited, a company duly incorporated under the laws of Cayman Islands with registered address
at Suite #4-210, Governors Square, 23 Lime Tree Bay Avenue, P.O. Box 32311, Grand Cayman KY1-1209, the Cayman Islands (collectively referred to as
“Dada” together with its affiliates). 

 In this Agreement, the Parties are hereinafter collectively referred to as the
“Parties” and individually as a “Party”. 
 WHEREAS: 

 

	(1)	 JD is one of the renowned Internet e-commerce companies in China which
mainly engage in self-run and platform e-commerce business through its official website and mobile application; 

 

	(2)	 Dada is a leading O2O delivery platform in China, focusing on providing the delivery solution for the last
three kilometres for O2O and courier service in crowd-sourcing way. 

  

	(3)	 On 15 April 2016 or the date hereof, the Parties have executed with relevant other parties the Share
Purchase Agreement, [***] and relevant transaction agreements (including not limited to The Fourth Amended and Restated Shareholders Agreement (“Shareholders Agreement”), The Fourth Amended and Restated Right of First Refusal and Co-Sale Agreement (“Right of First Refusal Agreement”), The Fourth Amended and Restated Share Restriction Agreement (“Share Restriction Agreement”)) (such agreements as amended from
time to time are collectively referred to as “Equity Purchase Transaction Documents”). As provided therein, JD will purchase a certain amount of common shares of Dada and become one of the shareholders of Dada, [***] JD undertakes
to execute this Agreement with Dada, [***]; 

  

	(4)	 The Parties (including their respective affiliates) intend to carry out relevant business cooperation according
to the terms and conditions herein to integrate business resources and fully exert the advantage of each Party. 

  
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 Now, THEREFORE, upon consultation, the Parties agree as follows: 

 

	1.	 Definitions 

In this Agreement, the following terms have the following meanings: 

“Affiliate” with respect to any company (or other entity), means any entity that is controlled by, controls or is under common control with
such company (or other entity). 
 “Control” means holding over 50% equity or voting right in a company (or other entity) or has the
ability to actually decide or control the operations of such company (or other entity) through agreement or otherwise. With respect to either Party hereto, its affiliate means its affiliate controlled by it. 

“Confidential Materials” mean (a) any non-public materials in relation to organisation,
business, technology, investment, finance, business, transaction or affairs of either Party, (b) the existence or contents hereof, the terms of any other agreement entered into according to this Agreement and (c) any materials prepared by
one Party and marked as confidential information or containing confidential information. 
 “Force Majeure” means any event that occurs
after the date hereof and prevents either Party from performing all or part of this Agreement and is uncontrollable, insurmountable, unavoidable and cannot be solved by the Parties hereto and unforeseeable at the time of execution hereof, which
includes but are not limited to earthquake, typhoon, flood, war, international or domestic transportation interruption, breakdown of electricity, Internet, computer, telecommunication or other system, strike (including internal strike or riot),
labour dispute, government action, orders of international or domestic courts. For the avoidance of doubt, such event may only constitute Force Majeure to the extent it is insurmountable, unavoidable, uncontrollable and cannot be solved by the
Parties hereto and does not necessarily constitute a Force Majeure. 
 “PRC” means the People’s Republic of China, excluding, for the
purpose of this Agreement only, Hong Kong Special Administrative Region, Macau Special Administrative Region and Taiwan. 
 “JD Mall” means
the open platform of JD and the mall platform directly operated by JD on JD.COM, including their respective mobile app. 
 “JD Mall APP”
means the mobile app of JD Mall. 
 “JD POP Platform” means the open platform operated on JD.COM which is a specific Internet space in
which the merchants on JD.COM establishes and operates store and concludes intention on transaction with consumers. 
 “JD Daojia” means
(1) the local O2O e-commerce service platform based on Daojia APP and (2) the local crowd-sourcing logistics service platform based on crowd-sourcing APP. 

“Tencent” means Tencent Holdings Limited and its affiliates. 

“Yonghui” means Yonghui Superstores Co., Ltd. and its affiliates. 

“O2O E-Commerce Business” means the e-commerce and delivery
services of picking up goods from offline stores including supermarkets, restaurants, drugstores, flower shops and directly delivering such goods to consumers. 

  
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	2.	 Territory for business cooperation 

Unless otherwise expressly provided herein, territory for the cooperation and/or restrictions hereunder are PRC only. 

 

	3.	 Principle of priority for business cooperation 

Unless otherwise expressly provided herein, JD agrees that within the term of cooperation under this Agreement, in respect of Sections 4.1.1, 4.1.2.1, 4.2.1.1,
4.2.1.2, 4.2.1.3, 4.3.1, 4.4 and 4.5 in Article 4 herein, the terms and conditions offered by JD to Dada shall be [***]. 
  

	4.	 Main contents of business cooperation 

 

	 	4.1	 User traffic cooperation: JD undertakes that: 

 

	 	4.1.1	 Dada purchases online traffic from Tencent, and its purchase price shall be [***] price then applicable to JD;

  

	 	4.1.2	 Without any effect upon the normal operation and management of JD (other than such effect which is consistent
with the effect upon normal operation of JD from JD Daojia before the Effective Date of this agreement), Dada shall [***] obtain all the current online traffic support from JD obtained by JD Daojia, including (only in respect to the cities which
then have access to the services of JD Daojia): 

  

	 	4.1.2.1	 Homepage icon (JD Mall APP first-level entrance), display on the user mobile terminal; 

 

	 	4.1.2.2	 Local News column (fifth screen of JD Mall APP homepage), display on the user mobile terminal;

  

	 	4.1.2.3	 JD Kuaibao column (located below the homepage icon of JD Mall APP), display on the mobile terminal display of
JD Daojia registered users; 

  

	 	4.1.2.4	 Continued recommendations under the JD Daojia icon after clicking JD Mall APP Treasure Box;

  

	 	4.1.2.5	 Continued display of JD Daojia icon after clicking JD Mall APP—Supermarket Channel; 

 

	 	4.1.2.6	 JD Mall APP—JD Supermarket Channel—Popular Events Module; 

 

	 	4.1.2.7	 Continued location in JD Finance and JD Pay APPs; and 

 

	 	4.1.2.8	 Banner resources support for other temporary activities. 

If the above-mentioned online traffic support cannot be provided due to the JD Mall APP’s update, the Parties should negotiate in good
faith and agree on alternatives solutions; provided, however, that in any case, JD must ensure that Dada will obtain the unfolded first-level entrance on the first screen of JD Mall APP. 

  
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	 	4.1.3	 Only in respect to the cities which then have access to the services of JD Daojia, all JD Daojia products shall
be searchable in the JD Mall main App’s search box with display of corresponding labels, provided that the specific details such as functions and timeline will be negotiated and determined by the Parties as soon as possible after the Effective
Date. 

  

	 	4.1.4	 The online traffic support from JD for Dada’s other business development will be determined by the Parties
through friendly negotiations after the Effective Date. 

  

	 	4.2	 Supply chain cooperation: 

 

	 	4.2.1	 The cooperation of JD and Dada regarding supply chain specifically includes: 

 

	 	4.2.1.1	 JD Mall shall supply Dada at the price of [***] [***]; 

 

	 	4.2.1.2	 Subject to compliance with applicable laws, JD Mall shall supply Dada with daily necessities, food and
beverages, fresh fruits and meat, medicines and health care, and other products agreed by both Parties; 

  

	 	4.2.1.3	 To the extent practicable, JD and Dada shall jointly sign procurement agreements with JD’s suppliers. JD
shall make best efforts to ensure that procurement terms for Dada are consistent with the procurement terms for JD; 

  

	 	4.2.1.4	 JD shall provide Dada with full logistics services for small, medium and large parcel delivery and cold chain
service at the most favourable prices and settlement terms; 

  

	 	4.2.1.5	 JD shall negotiate with Dada regarding other procurement matters in most favourable terms, including but not
limited to product return and change policies, after-sales services and settlement methods; 

  

	 	4.2.1.6	 When JD Mall’s Stock Keeping Unit (SKU) indicates low inventory, JD shall prioritise supplying to Dada,
and its priority is higher than any third parties other than JD and its affiliates. 

  

	 	4.2.1.7	 When JD and Yonghui are unable to provide suitable products, JD shall make best efforts to support and
coordinate Dada’s cooperation with other suppliers. 

  

	 	4.2.1.8	 JD Mall shall make available to Dada necessary information on related products, as well as the necessary
inventory and IT system support; and 

  
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	 	4.2.1.9	 JD will provide Dada with [***] advising and consulting services in the supply chain. 

 

	 	4.2.2	 JD undertakes that the cooperation between Yonghui and Dada in the supply chain shall specifically include:

  

	 	4.2.2.1	 Principle of cooperation: regarding current cooperative matters involving supply chain that have been agreed
between JD and Yonghui, and the favourable terms and prices applied to such cooperative matters shall apply equally to Dada; regarding cooperative matters involving the supply chain that have not yet been agreed between JD and Yonghui, JD will make
best efforts to secure the most favourable terms and prices, and to ensure that these terms and prices will apply equally to Dada. This principle shall apply to cooperative matters between Yonghui and Dada. 

 

	 	4.2.2.2	 JD shall cause Yonghui to supply Dada with daily necessities, food and beverages, fresh fruits, medicines and
health care, and other merchandise agreed between Yonghui and Dada; and 

  

	 	4.2.2.3	 JD shall cause all existing and future stores of Yonghui to be accessible by Dada and connected to the supply
chain. 

  

	 	4.3	 Logistics cooperation: The two Parties will jointly explore and promote the collaboration between JD and
Dada in the field of logistics, gradually share resources, jointly optimise the cost structure, and improve efficiency and service experience, including: 

  

	 	4.3.1	 Except for JD and its affiliates, Dada shall be the sole crowd-sourcing logistics service provider for
JD’s self-run SKUs, provided that the logistics service fees charged by Dada shall be consistent with the prices of similar services in the market and Dada shall promise to provide delivery services to JD
in priority; Dada shall be the preferential logistics service provider for the delivery of JD Mall and JD POP platform. 

  

	 	4.3.2	 In addition to the “two-hour express delivery” business, the
two Parties will make joint efforts to explore cooperation in routine logistics; 

  

	 	4.3.3	 Dada, as a supplementary logistic provider during the peak period of JD Mall, shall conduct experimental
cooperation for JD’s 618 shopping gala after the Effective Date; 

  

	 	4.3.4	 JD and Dada shall share supplier resources of delivery equipment and related materials. Both Parties will
jointly sign a purchase agreement with the supplier. JD shall make best efforts to ensure that Dada’s purchase terms are consistent with those for JD; 

  
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	 	4.3.5	 With the goal of optimising business cooperation, the two Parties shall jointly and friendly negotiate to
advance the pre-warehouse or site reconstruction plan; and 

  

	 	4.3.6	 JD will provide training for Dada delivery staff at the price of [***]. 

 

	 	4.4	 Cooperation on franchise and business licenses: After the Effective Date, [******] shall keep and use
its own licenses respectively. To the extent permitted by applicable law, [***]. Dada will make best efforts to apply for licenses and operating permits applicable to Daojia’s business. 

 

	 	4.5	 Brand integration cooperation: After the Effective Date, the B2C (Business to Consumer) brand for
consumers will be JD Daojia as the major brand; the logistics brand will be Dada as the major brand; JD crowd-sourcing riders shall be merged into Dada rider team. 

 

	 	4.6	 Cooperation in other areas: JD and Dada agree to share resources in the deepest and most comprehensive
level, including [***], financial products, marketing and public relations, cloud computing resources, merchant information, management support systems (OA, finance, customer service and after-sales service), and anti-fraud. JD will cooperate with
Dada in the above-mentioned fields and provide Dada with most-favoured-nation treatment; and [***] 

  

	5.	 JD’s non-competition obligations 

 

	 	5.1	 From the Effective Date until the seventh (7th) anniversary of the Effective Date, JD promises that:

  

	 	5.1.1	 JD shall not engage in O2O e-commerce business (hereinafter referred to
as “competitive business”) directly or indirectly through its affiliates; and 

  

	 	5.1.2	 JD shall not, either directly or indirectly through its affiliates, invest in, own, manage, operate or control
any third party (but not including Dada) which is primarily engaged in any of the aforementioned competitive business. 

  

	 	5.1.3	 If Dada’s business undergoes major adjustments in the future, as a result of which the above-mentioned
competitive business no longer competes with Dada, JD shall not be required to continue to assume the non-competition obligation under this Article. 

 

	 	5.2	 Notwithstanding any of the provisions of Article 5.1 above, JD’s following investments shall not be
subject to the non-competition commitments of Article 5.1: 

  

	 	5.2.1	 The investment that JD has completed before the Effective Date, including its investments in Eleme, Daojia
Meishihui, and Fruitday; and 

  

	 	5.2.2	 Any minority equity investment by JD in the future whereby JD (and any of its affiliates) will hold less than
15% of the invested company’s total issued shares or registered capital or other shareholders’ equity, and neither JD nor its affiliates will have the right to appoint any member of the board of directors or similar authorities in the
invested company. 

  
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	 	5.3	 JD agrees and confirms that the non-competition commitments under this
Article 5 are reasonable in scope and duration, and are an integral part of all transactions under the Equity Purchase Transaction Documents. JD further agrees and confirms that if it breaches the
non-competitive commitments under this Article 5, such breach may cause irreparable damage to Dada, which damage could not be sufficiently or adequately recovered by any statutory remedy, and therefore Dada
will have the right to seek monetary relief, specific performance, injunctions and other equitable relief without provision of any guarantee. 

  

	6.	 Duration of cooperation and termination 

 

	 	6.1	 This Agreement is effective after being signed by authorised representatives of both Parties, and will
terminate automatically when all the terms of cooperation specified in Article 6.2 have expired. After the expiry of the cooperation period of this agreement, it can be extended through mutual agreement between both Parties. 

 

	 	6.2	 The term of cooperation under this agreement commences upon being signed by authorised representatives of both
parties and ends as follows: 

  

	 	6.2.1	 The term of supply chain cooperation shall be ten (10) years, commencing from the Effective Date. JD
agrees to supply Dada [***] within seven (7) years from the Effective Date and [***] from the eighth (8) year; and 

  

	 	6.2.2	 Regarding online traffic, logistics, license and other cooperation, the cooperation shall be valid for seven
(7) years, commencing from the Effective Date. 

  

	 	6.3	 This Agreement may be terminated before the expiration of the term of cooperation if: 

 

	 	6.3.1	 Both Parties agree to terminate this Agreement after consultation; or 

 

	 	6.3.2	 Dada has any Change of Control Transaction (as defined in the Shareholders Agreement) and JD fails to exercise
its veto right to reject the transaction, under which case JD will have the right to notify Dada in writing to early terminate this Agreement; or 

  

	 	6.3.3	 Dada is in breach of the provisions of Article 12.1 of the Shareholders Agreement, and continues to issue Dada
shares to any Adverse Persons (as defined in the Shareholders Agreement) or registers any Adverse Persons as Dada’s shareholders after receiving JD’s prior and express written objection; or Dada is in breach of provisions of Article 11.1
of the Shareholders Agreement, and ceases or materially changes all or substantially all of JD Daojia’s business, or sells or otherwise disposes of all or substantially all of JD Daojia’s business after receiving JD’s prior and
express written objection, and JD will have the right to notify Dada in writing to early terminate this Agreement under the above circumstances. 

  
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	 	6.4	 If this Agreement expires or is terminated in accordance with Article 6.3, the two Parties shall no longer
perform the provisions of this Agreement, while Articles 6.4, 6.6, 10, 14 and 15 of this Agreement shall survive such expiration or termination. 

  

	 	6.5	 The Parties agree that if any of JD’s products or businesses involved in this Agreement are sold in whole
or in part to a third party (excluding transfers between JD’s internal member companies), the Parties’ rights and obligations related to the sold products or businesses under this Agreement shall be assumed by the third party. If the
third-party disagrees with such assumption and such disagreement affects the sale of the products or businesses and JD’s obligations under this Agreement, the two Parties shall resolve such disagreement through consultation.

  

	 	6.6	 The Parties agree that, notwithstanding any other contrary provisions of this Agreement (including any
provision of Article 6.2), subject to the provisions of the Trademark License Agreement (“Trademark License Agreement”) or related agreements separately made between the Parties and Article 6.6 of this Agreement, the use of
JD Daojia’s brand shall be permanent, provided that the use of the brand will not cause any significant adverse effect on either Party. If JD’s shareholding in Dada is less than 10% of Dada’s total issued shares (calculated on a fully
diluted basis) and JD no longer has the right to appoint any director in Dada (the “trigger event”), the Parties shall negotiate the brand license method in good faith and friendly within ninety days from the date of occurrence of
the trigger event. If the two Parties fail to reach an agreement on the brand license method within the aforementioned ninety days, the brand license of JD Daojia under this Agreement and the Trademark License Agreement shall be terminated. If the
situation specified in Article 6.3.2 or 6.3.3 occurs and JD terminates this Agreement, JD shall have the right to take back the JD Daojia brand (including the termination of the JD brand license under this Agreement and the Trademark License
Agreement). 

  

	7.	 Other Covenants 

 

	 	7.1	 The two Parties agree to make their best efforts to negotiate in good faith on the provisions in Article 4 of
this Agreement within six (6) months after the Effective Date, to reach an agreement on the implementation and operation details of these provisions and to sign agreement supplementary or auxiliary thereto. 

 

	 	7.2	 The two Parties agree to jointly establish a cooperation committee after the Effective Date, which shall be
responsible for the coordination and arrangement of various cooperation between the two Parties under this Agreement within the term of cooperation of this Agreement. The committee consists of [***] and [***] as representatives of both parties, and
invites heads of cooperation departments such as [***] and [***] to join. Those groups meet regularly (monthly or bi-monthly) to discuss how to improve the collaborative work results of both Parties and submit
work reports to the boards of directors of both Parties. 

  
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	 	7.3	 The Parties agree that in the event of any change in control of JD.com, Inc.’s equity (including any
merger or acquisition, or that shareholders of JD.com, Inc. no longer own more than half of equity securities or voting rights through any other transaction or series of transactions, or sell all or almost all of JD.com, Inc.’s assets to one or
more third parties, or transfer the issued voting rights through mergers, reorganisations, other transactions or a series of related transactions), and as far as practicable: (i) JD shall take all necessary measures to ensure that Dada’s
rights under this Agreement are not materially and adversely affected by such events, and (ii) at the reasonable request of Dada, appropriate arrangements shall be made before such events occur so that Dada can continue to conduct its current
business (including JD Daojia’s business) and substantially enjoy all the major rights and interests under this Agreement. 

  

	8.	 Intellectual Property 

 

	 	8.1	 Any materials, information and the Intellectual Property attached thereto that are provided by either Party to
the other Party for the purpose of this Agreement shall not change the ownership of rights due to the cooperation hereunder, unless the relevant Parties have entered into an explicit agreement of Intellectual Property assignment.

  

	 	8.2	 Unless otherwise expressly provided herein or the relevant Parties have otherwise entered into explicit
intellectual property authorisation or licensing agreements, without prior written consent of the right holders, neither Party shall arbitrarily use or reproduce the patents, trademarks, names, marks, commercial information, technology and other
data, domain names, copyrights or other forms of intellectual property of the other Party or apply for registration of the intellectual property similar to the aforementioned intellectual property. 

 

	 	8.3	 The ownership of any new intellectual property generated from the business cooperation between the Parties
hereunder shall be otherwise agreed upon by the Parties. 

  

	 	8.4	 Each Party shall indemnify the other Party for its losses arising from the infringement of the other
Party’s intellectual property or other legitimate rights or the infringement of the third party’s intellectual property or other legitimate rights due to the products, services, or materials provided by the Party itself during the
cooperation hereunder. 

  

	9.	 Force majeure 

Where the performance of the obligations hereof is delayed due to Force Majeure, neither Party shall be deemed to be in breach of this Agreement, and neither
Party shall be liable for damages caused thereby, provided that such Party shall endeavor to eliminate the cause for such delay and use its best efforts (including but not limited to seeking and using alternative means or methods) to eliminate the
damages caused by Force Majeure, and shall notify the other Party of the facts of Force Majeure and possible damages within fifteen (15) Working Days after the day when the Force Majeure is eliminated (excluding such day). During the period of
delayed performance, the Party encountering force majeure shall implement reasonable alternatives or adopt other commercially reasonable means to facilitate performance of its obligations hereunder until the delay is eliminated. 

  
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	10.	 Confidentiality 

 

	 	10.1	 The Parties shall acknowledge and confirm that any oral or written information exchanged among them with
respect to this Agreement, this Agreement and the contents hereof are all confidential information. Each Party shall maintain confidentiality of all such information, and without obtaining the written consent of the other Party, it shall not
disclose any relevant confidential information to any third party, except in the following circumstances: (1) such information has been already known to the public (other than through the receiving Party’s or its Affiliates’ or
Personnel’s unauthorised disclosure); (2) such information is required to be disclosed by applicable laws, competent governmental authorities, competent stock exchanges, or relevant stock exchange rules or regulations (provided, however, that,
to the extent permitted by applicable laws, the disclosing Party shall give a prior notice to the other Party and the Parties shall consult with each other to agree on the scope and content of the disclosure); or (3) such information is
required to be disclosed by any Party to its legal or financial advisors in connection with the cooperation contemplated hereby, provided that such legal or financial advisors shall be bound by the confidentiality obligations similar to those set
forth in this Article. 

  

	 	10.2	 Each Party shall undertake to use the aforementioned confidential information provided by the other Party only
in connection with the relevant matters contemplated hereunder and shall destroy or return such confidential information upon the termination of this Agreement at the request of the other Party. Any breach of this Article 10 by any of the
Parties’ Affiliates, or any employees or agencies of the Party or any of its Affiliates, shall be deemed as a default of this Agreement by such Party and such Party shall be liable for such default in accordance with this Agreement. This
Article 10 shall survive invalidity, termination or expiration of this Agreement for any reason. 

  

	11.	 Taxes 

Taxes arising from the execution and performance of this Agreement shall be borne by the Parties respectively in accordance with applicable laws. 

 

	12.	 Representations and Warranties 

 

	 	12.1	 Each Party represents and warrants to the other Party that: 

 

	 	12.1.1	 it is a company duly incorporated and validly existing; 

 

	 	12.1.2	 it has the authority to enter into this Agreement and its authorised representative has been fully authorised
to sign this Agreement on its behalf; 

  

	 	12.1.3	 its execution, delivery and performance of this Agreement do not require filings with or notification to any
Government Agency, or acquisition of the license, permit, consent or other approvals from, any Government Agency or any other person; and 

  
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	 	12.1.4	 it has the ability to perform its obligations hereunder and such performance of its obligations does not
violate its articles of association and other constitutional documents. 

  

	 	12.2	 If any legal documents executed by any Party prior to the execution of this Agreement conflict with any
provisions of this Agreement, such Party shall, adhering to the principles of goodwill, credibility and amity, immediately notify the other Party in writing. Such conflict shall be resolved through consultations between the Parties. If any loss is
caused to the other Party due to the conflict between the aforementioned legal documents and this Agreement, such Party shall be responsible for breach of contract to the other Party. 

 

	 	12.3	 If any Party discovers during its performance of its obligations hereunder that it needs to obtain any permit,
consent or approval from any third party, such Party shall notify the other Party in writing within thirty days from the date on which such Party discovers such matter and shall use its best efforts to obtain such permit, consent or approval from
such third party; if such permit, consent or approval cannot be obtained within a reasonable period, the relevant Party is required to provide a solution in respect of such matter acceptable to the other Party. 

 

	13.	 Notices and delivery 

 

	 	13.1	 All notices and other communications required or permitted to be given pursuant hereto shall be delivered by
personal delivery or sent by registered mail, postage prepaid, by a commercial express service or by facsimile transmission to the address of such Party set forth below. Each notification should also be served by email. The dates on which such
notices shall be deemed to have been effectively given shall be determined as follows: 

  

	 	13.1.1	 Notices given by personal delivery, by express service or by registered mail, postage prepaid, shall be deemed
effectively given on the date of receipt or refusal at the address specified for notices. 

  

	 	13.1.2	 Notices given by facsimile shall be deemed effectively given on the date of the successful transmission (as
evidenced by an automatically generated confirmation of transmission). 

  

	 	13.2	 For the purpose of notices, the addresses of the Parties are as follows: 

To JD: 
  

			
	Address:	  	 21F, Building A, No. 18 Kechuang 11 Street,

Yizhuang Economic and Technological Development Zone,
 Daxing
District, Beijing

		
	Attention:	  	 Investment and Acquisition Team in
 Legal
Department of JD Group

  

  
 11 

 
			
	Email:	  	 legalnotice@jd.com
		
	Postcode:	  	 101111

 With a copy (which shall not constitute notice) to the following address: 

 

			
	Address:	  	 20F, Building A, No. 18 Kechuang 11 Street,

Yizhuang Economic and Technological Development Zone,
 Daxing
District, Beijing

		
	Attention:	  	JD Group Business Development Department

 Email: qyfz@jd.com 

Postcode: 101111 
 To DADA:

  

			
	Address:	  	 6F, Longyu Building, No.1036 Pudong South Road,

Pudong New District, Shanghai

		
	Attention:	  	Philip Jiaqi Kuai
		
	Telephone:	  	+86 21 3165 7165

  

	 	13.3	 Any Party may at any time change its address for notices by a notice delivered to the other Party in accordance
with the Article 13 hereof. 

  

	14.	 Liability for Breach of Contract 

 

	 	14.1	 If a Party causes any losses to the other Party due to its breach of this Agreement, such Party shall be liable
for breach of contract (including liabilities for indemnification) in accordance with applicable laws and relevant provisions of the equity purchase transaction documents. 

 

	 	14.2	 The Parties understand and agree that they are entering into this Agreement on behalf of themselves and their
subordinate Affiliates, and are obliged to cause and procure their subordinate Affiliates to comply with and perform this Agreement. 

  

	15.	 Governing Law and Resolution of Disputes 

 

	 	15.1	 The execution, validity, interpretation, performance, amendment and termination of this Agreement and dispute
resolution shall be governed by the laws of Hong Kong, without regard to principles of conflict of laws thereunder. 

  

	 	15.2	 In the event of any dispute with respect to the interpretation and performance of this Agreement, the Parties
shall first resolve the dispute through amicable negotiations. In the event that the Parties fail to reach an agreement on the dispute within 30 days after either Party’s request to the other Parties for the resolution of the dispute through
negotiation, either Party may submit the relevant dispute to the Hong Kong International Arbitration Centre (HKIAC) for arbitration in accordance with the Hong Kong International Arbitration Centre Administered Arbitration Rules in force when the
notice of arbitration is submitted. 

  
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	 	15.3	 The seat of arbitration shall be Hong Kong. There shall be one (1) arbitrator and such arbitrator shall be
elected by the Secretary-General of HKIAC. The arbitrator shall be qualified to practice law in Hong Kong. The place of arbitration shall be in Hong Kong. The arbitral award is final and binding upon both Parties. 

 

	 	15.4	 Any Party to the dispute shall be entitled to seek preliminary injunctive relief or other equitable reliefs
from any court of competent jurisdiction during the formation of the arbitral tribunal. 

  

	 	15.5	 Upon the occurrence of any disputes arising from the interpretation and performance of this Agreement or during
the pending arbitration of any dispute, except for the matters under dispute, the Parties hereto shall continue to exercise their respective rights and perform their respective obligations hereunder. 

 

	16.	 Additional Covenants 

 

	 	16.1	 Any amendment and supplement to this Agreement shall be made in writing. The amendments and supplementary
agreements that have been duly executed by the Parties and that relate to this Agreement shall form an integral part of this Agreement and shall have the same legal effect as this Agreement. 

 

	 	16.2	 Without prior written consent from the other Parties, neither Party shall assign this Agreement and the rights
and obligations hereunder to any third party, provided, however, that an appropriate subordinate Affiliate of a Party may be designated to implement such cooperative matters in accordance with specific needs. 

 

	 	16.3	 During the effective term of this Agreement, neither Party shall make negative comments of the other Party on
any public occasion, the content of which includes but is not limited to corporate image, company brand, design, development, and application of products, and operation strategy and all other information relevant to the Company and the products.

  

	 	16.4	 Upon the effectiveness of this Agreement, this Agreement shall constitute the entire agreement and consensus
reached between the Parties hereto with respect to the content hereof and supersede all other agreements and consensus reached between the Parties with respect to the subject matter hereof, both in written and oral forms, prior to the date of this
Agreement. 

  

	 	16.5	 If any provision hereof is held invalid, illegal or unenforceable, the validity, legality and enforceability of
the other parts and provisions hereof shall not be affected. The Parties shall address such invalid, illegal or unenforceable provisions through amicable negotiations based on the principle of realising the original commercial intent to the extent
possible. 

  
 13 

	 	16.6	 This Agreement shall be made in four (4) originals with each Party holding two (2) originals. Each
original shall have the same legal effect. 

 [Remainder of this page is intentionally left blank] 

  
 14 

 IN WITNESS WHEREOF, each Party have caused this Agreement to be executed by its duly authorised
representative as of the date set forth in the first page. 
  

			
	JD.com, Inc.
		
	By:	 	 /s/ Richard Qiangdong Liu

	
	Dada Nexus Limited
		
	By:	 	 /s/ Philip Jiaqi Kuai

 [Signature Page to Business Cooperation Agreement]EX-10.13

 Exhibit 10.13 

CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY [***], HAS BEEN OMITTED BECAUSE DADA NEXUS LIMITED HAS DETERMINED
SUCH INFORMATION (I) IS NOT MATERIAL AND (II) WOULD LIKELY CAUSE COMPETITIVE HARM TO DADA NEXUS LIMITED IF PUBLICLY DISCLOSED. 

Amended and Restated Business Cooperation Agreement 

Between 
 WALMART (CHINA)
INVESTMENT CO., LTD. 
 and 

DADA NEXUS LIMITED 
  

 
 Dated as of
August 8, 2018 
  
  

 TABLE OF CONTENTS 
  

							
	 1.    
	 	 DEFINITIONS
	  	 	1	 
			
	 2.
	 	 TERRITORY OF BUSINESS COOPERATION; PERFORMANCE
	  	 	4	 
			
	 3.
	 	 CONTENT OF BUSINESS COOPERATION
	  	 	4	 
			
	 4.
	 	 NATIONAL ACCESS TO DADA LOGISTICS
	  	 	6	 
			
	 5.
	 	 OTHER COOPERATION
	  	 	6	 
			
	 6.
	 	 MOST FAVORED NATION
	  	 	7	 
			
	 7.
	 	 TERM AND TERMINATION
	  	 	7	 
			
	 8.
	 	 INTELLECTUAL PROPERTY
	  	 	8	 
			
	 9.
	 	 FORCE MAJEURE
	  	 	9	 
			
	 10.
	 	 CONFIDENTIALITY
	  	 	9	 
			
	 11.
	 	 TAX
	  	 	9	 
			
	 12.
	 	 REPRESENTATIONS, WARRANTIES AND COVENANTS
	  	 	9	 
			
	 13.
	 	 NOTICE AND DELIVERY
	  	 	10	 
			
	 14.
	 	 LIABILITY FOR BREACH
	  	 	11	 
			
	 15.
	 	 REDEMPTION
	  	 	11	 
			
	 16.
	 	 GOVERNING LAW AND DISPUTE RESOLUTION
	  	 	12	 
			
	 17.
	 	 MISCELLANEOUS
	  	 	13	 

 This Amended and Restated Business Cooperation Agreement (this “Agreement”)
is entered into on August 8, 2018 (the “Effective Date”) by and between: 
  

	(1)	 Walmart (China) Investment Co., Ltd., a company incorporated under the laws of the People’s Republic of
China (together with its Affiliates, collectively, “WCI”); and 

  

	(2)	 Dada Nexus Limited, an exempted company registered under the laws of the Cayman Islands (together with its
Affiliates, collectively, “Dada”), with the registered address at the office of Osiris International Cayman Limited, Suite #4-210, Governors Square, 23 Lime Tree Bay Avenue, P.O. Box 32311,
Grand Cayman KY1-1209, Cayman Islands. 

 Each of the parties above is hereinafter referred to as
a “Party” and collectively as the “Parties”. 
 WHEREAS: 

 

	A.	 Walmart is a leading retailer globally with extensive experience in
e-commerce, merchandising, procurement and vendor management, logistics and other related areas. 

  

	B.	 Dada is one of the largest e-commerce O2O delivery platform companies
in China. 

  

	C.	 WCI and Dada are parties to a Business Cooperation Agreement, dated as of June 20, 2016 (the
“Original Agreement”), pursuant to which they have agreed to cooperate with each other in the online-to-offline (“O2O”) business to
integrate relevant resources and take advantage of their respective strengths in accordance with the terms and conditions set forth therein. 

  

	D.	 WCI and Dada desire to amend and restate the Original Agreement as set forth herein. 

ACCORDINGLY, the Parties hereby agree that the Original Agreement is amended and restated in its entirety as follows: 

 

	1.	 Definitions 

In this Agreement, the following terms shall have the following meaning: 

“Adverse Persons” means (i) Alibaba Group Holding Ltd. and its Affiliates; (ii) Cainiao Smart Logistics Network Limited and its
Affiliates; (iii) the Person that owns the tradename of “点我达” or domain name www.dianwoda.com and its Affiliates or, the ultimate holding entity that Controls such Person and the Affiliates of such ultimate
holding entity; (iv) Rajax Holding and its Affiliates; (v) Meituan Dianping and its Affiliates; (vi) Wumei Holdings, Inc. and its Affiliates, (vii) RT-MART International Ltd. and its
Affiliates; (viii) the Person that owns the tradename of “盒马” or domain name www.freshhema.com and its Affiliates or, the ultimate holding entity that Controls such Person and the Affiliates of such ultimate holding
entity; (ix) SF Holding Co., Ltd. (顺丰控股股份有限公司) and its Affiliates, (x) the Person that owns the tradename of “闪送” or domain name
www.ishansong.com and its Affiliates or, the ultimate holding entity that Controls such Person and the Affiliates of such ultimate holding entity; (xi) the Person that owns the tradename of “UU跑腿” or domain name
www.uupt.com and its Affiliates or, the ultimate holding entity that Controls such Person and the Affiliates of such ultimate holding entity; (xii) the Person that owns the tradename of “叮当快药” or domain
name www.ddky.com and its Affiliates or, the ultimate holding entity that Controls such Person and the Affiliates of such ultimate holding entity; and (xiii) the Person that owns the tradename of “快方送药” or
domain name www.kfyao.com and its Affiliates or, the ultimate holding entity that Controls such Person and the Affiliates of such ultimate holding entity. Dada and WCI may modify this definition of “Adverse Person” through a written
instrument duly executed by both Dada and WCI. 

  
 1 

 “Affiliate” means, with respect to any company (or any other entity), any other company
that controls, is controlled by the subject company or together with the subject company jointed controlled by any third party. “control” means the company owns more than 50% of the equity interests or voting rights of such subject
company (or any other entity), or has an actual discretion or controlling power over the operation of such subject company by entry into contractual arrangements or by other means. With respect to any Party, its “Affiliates” include the
subsidiaries, whether directly or indirectly owned, that are controlled by it (including the PRC domestic affiliate companies controlled by such Party through a VIE structure). 

“Agreement” is defined in the preamble to this Agreement. 

“China” or “PRC” means the People’s Republic of China, excluding for the avoidance of doubt the Hong Kong Special
Administrative Region, the Macao Special Administrative Region and Taiwan. 
 “Confidential Information” means technical or business
information relating to a Party’s operations, purchasing methods, suppliers, products, finances, marketing, customers, information technology systems or business plans, including any trade secrets,
know-how, data, formula, or processes that is either identified as proprietary or confidential and/or that the receiving Party knows or has reason to know is regarded as Confidential Information by the
disclosing Party. Confidential Information shall include (i) any of the foregoing information, in whatever form maintained, whether documentary, computerized or otherwise, regardless of the form in which such information is communicated, and
(ii) the existence of this Agreement and the business cooperation contemplated by this Agreement. 
 “Contribution Margin Per Order”
means, with respect to a merchant on the O2O Sales Platform, an absolute number calculated as follows: ([***]) / [***]. 
 “Cooperation
Term” is defined in Section 7.2. 
 “Dada” is defined in the preamble to this Agreement. 

“Effective Date” is defined in the preamble to this Agreement. 

“Force Majeure” means any event that is unforeseeable by either Party by the time of the execution of this Agreement and cannot be
controlled, avoided, overcome or solved by either Party, which takes place after this Agreement comes into effect and interferes with the performance or partial performance by any Party to this Agreement, including but not limited to earthquake,
typhoon, flood, war, generalized unavailability of public networks used for e-commerce traffic, strike, acts of Governmental Entities, etc. For the avoidance of doubt, only an event that is incontrollable,
unavoidable, insurmountable and unsolvable for both Parties constitutes Force Majeure, otherwise it cannot be so regarded. 
 “Governmental
Entity” means any federal, national, state, provincial or local, whether domestic or foreign, government or any court of competent jurisdiction, administrative agency or commission or other governmental, regulatory, self-regulatory or
enforcement authority or instrumentality, whether domestic or foreign. 
 “Intellectual Property” means (i) patents and patent
disclosures; (ii) trademarks, service marks, logos, slogans, trade dress, trade names, corporate names, internet domain names (and all translations, transliterations, adaptations, derivations and combinations of the foregoing), together with
all goodwill associated therewith; (iii) copyright, copyrightable works and moral rights; (iv) trade secrets, confidential information, rights in designs, rights in inventions and rights in know-how;
(v) computer software (including source code, executable code, data, databases and documentation); and (vi) all other intellectual property rights, in each case whether registered, applied-for or
unregistered, and all rights or forms of protection having equivalent or similar effect anywhere in the world. 

  
 2 

 “JD” means JD.com, Inc., an exempted company registered under the laws of the Cayman
Islands. 
 “Legal Requirement” means any applicable law, treaty, statute, code, ordinance, decree, administrative order, constitution,
bylaw, permit, directive, policy, standard, rule, regulation, guideline and lawful requirements of any Governmental Entity and all applicable judicial, quasi-judicial, administrative, quasi-administrative and arbitral judgments, orders (including
injunctions) decisions or awards of any Governmental Entity. 
 [***]. 

“O2O” is defined in the recitals to this Agreement. 

“O2O Business” means the online to offline retail business conducted by Dada through the O2O Delivery Platform. 

“O2O Delivery Platform” means the O2O delivery platform operated by Dada within the Territory. 

“O2O Sales Platform” means the Jingdong Daojia App, in its current App form, and any version, modification, extension, derivative work,
update or successor thereof, or any software product used by Dada for substantially similar services, irrespective of changes in media or format (including without limitation mini programs, iWatch or other device versions or voice-controlled or
other versions). 
 “Party” or “Parties” is defined in the preamble to this Agreement. 

“[***]” is defined in Section 3.2(b). 

“Rating Points” means the unit of measurement used in calculating Total Store Rating. 

“Red Line Program” means the program described in Exhibit A. 

“Sam’s” means Sam’s Club. 

“Sam’s Stores” means Sam’s physical stores located in the Territory. 

“Store” means either a Walmart Store or a Sam’s Store. 

“Subscription Agreement” means the Share Subscription Agreement dated as of June 20, 2016 between Newheight Holdings Ltd. and JD. 

“Territory” is defined in Section 2. 

“Total Store Rating” means the rating of a given store, scored on a scale from 1 to 5, by customers responding to customer satisfaction
prompts on the O2O Sales Platform. 
 “VAT” means value-added tax. 

“VIE” means a variable interest entity. 

“WCI” is defined in the preamble to this Agreement. 

  
 3 

 “Walmart” means Walmart Inc., a Delaware corporation, and its Affiliates. 

“Walmart Customer Transaction Data” is defined in Section 3.2(d). 

“Walmart Store” means any Walmart physical store located in the Territory. 

 

	2.	 Territory of Business Cooperation; Performance 

Unless otherwise provided in this Agreement, the territory of cooperation and/or restriction under this Agreement shall be limited to the PRC (the
“Territory”). Each Party shall cause each of its PRC Affiliates to timely perform all of the obligations of such Party hereunder and at all times be bound by, and otherwise act in accordance with, the terms hereof. 

 

	3.	 Content of Business Cooperation 

During the Cooperation Term, the Parties hereby agree to, and to procure their respective Affiliates to, comply with this Agreement in all respects and to
cooperate with each other based on the following principles and in the following business areas in relation to the O2O Business: 
  

	3.1	 Principle of Preferred Cooperation 

The Parties understand that this Agreement is a business cooperation framework agreement and the details of such cooperation that are not provided for in this
Agreement may be subject to further negotiation and implementation by the Parties following execution of this Agreement. Additional ancillary agreements may be entered into among the Parties or their Affiliates as mutually agreed following the date
hereof. 
  

	3.2	 Omni-Channel Initiative / O2O Business Cooperation 

 

	(a)	 Walmart Stores on O2O Sales Platform. Dada shall take all commercially reasonable actions necessary to
enable WCI and its Affiliates to maintain its enrollment in good standing in the O2O Sales Platform as third party merchants, pursuant to the merchant service agreement currently in effect, as amended from time to time by Dada and WCI (the
“O2O Merchant Services Agreement”), provided that (i) WCI shall have duly executed and delivered the O2O Merchant Services Agreement and (ii) there shall be no default on the part of WCI hereunder and under the O2O
Merchant Services Agreement. WCI and Dada shall reasonably cooperate to maintain WCI and its Affiliates’ enrollments on the O2O Sales Platform, for which Dada shall provide technical support without consideration, as soon as practicable and in
any event within 45 days following the Effective Date. Dada and WCI will share and discuss expansion plans for the Stores on the O2O Sales Platform and O2O Delivery Platform. 

 

	(b)	 [***]. 

(i)     Subject to Section 12.5, Dada shall: 

 

	 	(1)	 [***]; 

in each case for the first six (6) years following the Effective Date, [***]; provided, that for each Store, such privilege may be
temporarily suspended if (i) such Store does not achieve the key performance indicators referenced in the Red Line Program, (ii) Dada has notified WCI in writing of same, and (iii) WCI has not cured such matter within 10 calendar days
of WCI’s receipt of such notice (an “Uncured Red Line Issue”), for the duration of such Uncured Red Line Issue; 

  
 4 

	 	(2)	 [***]; and 

  

	 	(3)	 [***]. 

The rights described in each of (1), (2) and (3) above shall collectively be referred to hereinafter as “[***]”. 

Dada will not [***], any portion thereof or any other benefits to WCI or the Stores contemplated under this Agreement without first
proposing and implementing a mechanism that ensures the uninterrupted effectiveness of the [***] and such other benefits for WCI and the Stores, which mechanism will be on terms reviewed in advance by and acceptable to WCI. 

(ii)    Dada agrees to cooperate with WCI to promote the Stores on the O2O Sales Platform and provide direct or indirect
subsidies to customers who complete purchase transactions with the Walmart Stores on the O2O Sales Platform, the cost of which subsidies will be borne by Dada, not to exceed RMB30,000 per newly launched Store (such subsidies, “New Store
Subsidies”). 
 (iii)    Notwithstanding anything herein to the contrary, subject to Section 3.2(c) and
Section 12.5, WCI and the Stores shall enjoy the [***] so long as this Agreement remains in effect. 
  

	(c)	 Fees. 

(i)    Commission. Until June 19, 2019, each Walmart Store, Sam’s Store, Walmart depot and Sam’s
depot on the O2O Sales Platform shall be subject to a [***] commission rate [***] of such store or depot on the O2O Sales Platform, provided that each Walmart Store, Sam’s Store, Walmart depot and Sam’s depot shall be exempt
from such commission fees for the first three (3) months following its launch on the O2O Sales Platform. The commission rate to be effective after June 19, 2019 shall be mutually agreed by WCI and Dada. 

(ii)    Picking, Sorting and Packaging Costs. For the avoidance of doubt, at all times during the Cooperation
Period, WCI shall bear all picking, sorting and packaging costs incurred in connection with sale or purchase transactions of Walmart or Walmart-sourced products and Sam’s or Sam’s -sourced products on the O2O Sales Platform. 

(iii)    Minimum Purchase Threshold. Notwithstanding any provision in this Agreement, Dada shall have the right to
(i) set and determine minimum purchase amount thresholds eligible for free delivery on the O2O Sales Platform, provided that any such minimum purchase amount thresholds applicable to the Stores shall be subject to WCI’s prior written
consent if and only if such thresholds applicable to the Stores exceed the minimum purchase amount thresholds for free delivery on the O2O Sales Platform charged to any other party on the O2O Sales Platform, and (ii) determine and charge
delivery fees or costs payable by any customers whose transactions are not eligible for free delivery on the O2O Sales Platform. 

(iv)    Commission on New Members. WCI shall continue to pay commission to Dada on the [***] generated from
customers who enroll as new members of Sam’s through the O2O Sales Platform after the Effective Date, at a rate to be mutually agreed between WCI and Dada from time to time. For the avoidance of doubt, WCI shall not be required to pay
commission on (1) renewal members or (2) members of Sam’s that did not enroll through the O2O Sales Platform. The Parties acknowledge and agree that such members will not need to purchase additional memberships to conduct transactions
with Sam’s on the O2O Sales Platform. 

  
 5 

	(d)	 Data Protection. Dada shall not share Walmart Customer Transaction Data with, or otherwise make Walmart
Customer Transaction Data available to, any third party, or use Walmart Customer Transaction Data for purposes of targeted marketing activities of any kind, in each case without WCI’s prior written consent. For purposes hereof, “Walmart
Customer Transaction Data” means any and all data regarding sale and purchase transactions on the O2O Sales Platform between Walmart or Sam’s and registered users of Dada that specifically identifies such users as (i) customers of
Walmart, and/or having purchased Walmart or Walmart-sourced products, or (ii) members of Sam’s, and/or having purchased Sam’s or Sam’s-sourced products. Notwithstanding any provision to the
contrary in this Agreement or the O2O Merchant Services Agreement, Dada shall provide WCI and its designees with access to all of the Walmart Customer Transaction Data via technical data integration (“API”), and on the basis that
all such data will be transferred to WCI no less than once a day, via API to WCI’s data warehouse. For the avoidance of doubt, this Section 3.2(d) is not intended to prohibit or restrict Dada from owning or using any Walmart Customer
Transaction Data for any purposes (other than for purposes of targeted marketing activities). 

  

	(e)	 SKU Commitment. Walmart will organize a senior team that will be responsible for product assortment
optimization on the O2O Sales Platform. WCI shall use commercially reasonable efforts to cause at least 80% of Walmart Stores to offer 1,600 or more stock-keeping units (“SKUs”) on the O2O Sales Platform, with more than 250 fresh
SKUs consisting of vegetables, fruits, meats and seafood, within six (6) months of the Effective Date. 

  

	3.3	 Joint in-store and Online Marketing 

WCI shall take commercially reasonable actions to advertise the O2O Sales Platform as a service available to Walmart customers, including the (i) use of
posters, stickers, booklets, coupons, banners, boards, or other in-store promotion formats, (ii) distribution of coupons for the O2O Sales Platform at check-out
counters, (iii) inclusion of promotional information for the O2O Sales Platform in Walmart’s in-store and offline marketing materials and [***]. 

 

	4.	 National Access to Dada Logistics 

Dada hereby grants to WCI and its Affiliates, and shall ensure that WCI and its Affiliates receive, most favored nation treatment that is the same as the most
favored nation treatment that Dada grants to JD with respect to pricing at each service level and in each product-based and other service category that Dada offers. 
  

	5.	 Other Cooperation 

 

	(a)	 Cooperation Committee. The cooperation committee (the “Cooperation Committee”)
established by the Parties following the execution of the Original Agreement shall be responsible for the coordination work regarding the relevant cooperation matters set forth herein during the Cooperation Term. The respective representative of the
Parties in the Cooperation Committee shall be JORDAN BERKE and YANG Jun as of the date hereof. The Cooperation Committee shall hold meetings regularly (monthly or bimonthly) to discuss how to improve the working results of cooperation by the
Parties. 

  

	(b)	 Annual Expansion Plan. Dada and WCI agree that, for each of the three (3) years following the
Effective Date, Dada will timely share and discuss with WCI its expansion plans for the O2O Sales Platform and O2O Delivery Platform with WCI. 

  

	(c)	 Fresh Leadership Program. WCI and Dada agree to invest resources to develop the best online fresh goods
experience in China. The Parties anticipate that this will involve the development of new policies, standards, and best practices. Both WCI and Dada agree to dedicate to this initiative at least 50% of the time of one Director-level employee and
100% of the time of two Senior Manager-level employees. 

  
 6 

	(d)	 Analytical Collaboration. WCI and Dada will collaborate on data and analytical insights to support
targeted offers to customers. This will include tailored offers to existing Walmart customers, as well as category-specific customer offers (comprising both existing and potential Walmart customers). Both WCI and Dada agree to dedicate at least 50%
of the time of one (1) Senior Manager-level employee. Both WCI and Dada agree to strictly follow Legal Requirements and general terms applicable to all retailers on the O2O Sales Platform, including, without limitation, terms on data sharing
and user data protection. 

  

	6.	 Most Favored Nation 

During the Cooperation Term, the Contribution Margin Per Order generated from Walmart Stores on the O2O Sales Platform shall be no higher than the Contribution
Margin Per Order generated from any other supermarket retailers on the O2O Sales Platform whose annual gross merchandise volume generated from the O2O Sales Platform accounts for at least 3% of the total annual gross merchandise volume generated
from the O2O Sales Platform, as evidenced by a certificate duly issued within the first quarter after the end of each calendar year (starting from the fourth quarter of 2018, followed by calendar year 2019) by one of the Big 4 accounting firms
(i.e., PricewaterhouseCoopers, Ernst & Young, KPMG or Deloitte) as designated by Dada, which shall specify the calculation of the Contribution Margin Per Order in reasonable detail; provided that the orders generated from a given
supermarket store on the O2O Sales Platform within six (6) months after launch of such store shall not be included in the calculation of the Contribution Margin (“First Audit Process”). In the event that WCI in its discretion
is not satisfied with the certification, WCI may, by delivery of written notice to Dada, require Dada to appoint another Big 4 accounting firm as the auditor, subject to approval by WCI, to (i) conduct a separate audit and (ii) issue the
certificate described in this Section 6 (“Second Audit Process”). Such audit shall abide by the confidentiality obligations set forth herein and between Dada and the other supermarket retailers, no Party shall be obligated to
disclose any information that will result in such Party’s breach of confidentiality obligations to third parties, and each Party may reasonably redact such sensitive information to comply with anti-trust, securities and other Legal
Requirements. Fees and expenses for the certification process set forth in this Section 6 shall be first borne by Dada, provided that, if the Second Audit Process reports no material variation from the determinations of Contribution
Margin Per Order undertaken in the First Audit Process and no violation of this Section 6, then any and all expenses incurred by Dada (with reasonable substantiation) in connection with the Second Audit Process shall be reimbursed by WCI. 

 

	7.	 Term and Termination 

 

	7.1	 This Agreement shall be effective upon the execution by the authorized representatives of the Parties and shall
be automatically terminated upon the expiration of the Cooperation Term as provided in Section 7.2 hereof. 

  

	7.2	 The business cooperation term set forth in this Agreement shall commence on the Effective Date and continue in
full force and effect for an initial term of 6 years therefrom, which may be extended upon the mutual agreement of WCI and Dada (as may be extended from time to time, the “Cooperation Term”). Not less than six (6) months prior
to the expiration of the Cooperation Term, the Parties shall negotiate in good faith the extension of the Cooperation Term. Notwithstanding the foregoing, if there is any other specific provision(s) on the applicable business cooperation term with
respect to any specific item in this Agreement, such specific provision shall prevail with respect to such specific item. 

  

	7.3	 This Agreement may be terminated: 

  
 7 

	 	(1)	 upon mutual agreement by WCI and Dada; 

 

	 	(2)	 by WCI (if the breaching Party is Dada) or Dada (if the breaching Party is WCI), upon any breach of a material
provision of this Agreement by a Party, if such breach is incapable of being cured or remains uncured for 30 days after receipt of written notice from WCI (if the breaching Party is Dada) or Dada (if the breaching Party is WCI) specifying the
occurrence or existence of the breach, provided that neither WCI nor Dada may exercise the termination right pursuant to this clause if it is then in breach of any material provision of this Agreement; 

 

	 	(3)	 by WCI, upon (i) the filing by Dada of a petition in bankruptcy, insolvency or similar proceeding;
(ii) the filing by Dada of any petition or answer seeking reorganization, readjustment or arrangement of its business under any law relating to bankruptcy or insolvency; (iii) an adjudication that Dada is bankrupt or insolvent;
(iv) the appointment of a receiver for all or substantially all of the properties of Dada; (v) the making by Dada of any assignment for the benefit of creditors; (vi) the institution of any proceedings for the liquidation or winding
up of Dada’s business that remains outstanding, undismissed, for more than 45 days or (vii) Dada takes, becomes the subject of or undergoes, the Chinese equivalent of any of the actions, proceedings or events referred to in clauses
(i) through (vi) above; or 

  

	 	(4)	 by Dada, upon (i) the filing by WCI of a petition in bankruptcy, insolvency or similar proceeding;
(ii) the filing by WCI of any petition or answer seeking reorganization, readjustment or arrangement of its business under any law relating to bankruptcy or insolvency; (iii) an adjudication that WCI is bankrupt or insolvent; (iv) the
appointment of a receiver for all or substantially all of the properties of WCI; (v) the making by WCI of any assignment for the benefit of creditors; (vi) the institution of any proceedings for the liquidation or winding up of WCI’s
business that remains outstanding, undismissed, for more than 45 days or (vii) WCI takes, becomes the subject of or undergoes, the Chinese equivalent of any of the actions, proceedings or events referred to in clauses (i) through (vi)
above. 

  

	7.4	 If this Agreement expires or is terminated pursuant to Section 7.3, the Parties shall cease to perform
this Agreement, provided that Sections 8, 10, 13, 14, 15 and 16 hereof shall survive the termination of this Agreement. If any Party is in breach of any provision(s) as set forth herein prior to the expiration or termination of this Agreement, such
Party shall bear the liability for breach pursuant to Section 14 hereof. 

  

	    	 Other post-termination arrangements and matters shall be arranged and resolved through friendly negotiation
between the Parties. 

  

	8.	 Intellectual Property 

 

	8.1	 The title to and ownership of any material, information and the Intellectual Property contained therein or
attached thereto, as respectively provided for the purpose of this Agreement by each Party and its Affiliates to the other Party or its Affiliates, shall not be changed due to the cooperation as contemplated hereunder, unless the Parties enter into
any other specific agreement on transfer or licensing of Intellectual Property. 

  

	8.2	 Unless otherwise specifically stipulated in this Agreement or the Parties have entered into any specific
agreement on authorization or licensing of Intellectual Property, without the prior written consent by the Party who holds the right to such Intellectual Property, no Party (or its Affiliates) shall, without authorization, use or duplicate the other
Party’s (or its Affiliates’) Intellectual Property. 

  
 8 

	9.	 Force Majeure 

In case of any Force Majeure that results in any delay of the performance by any Party of any contractual obligations hereunder, such delayed Party shall not
be deemed as breaching this Agreement and consequently shall not be held liable to indemnify any losses and damage thus incurred, provided that such Party shall make its efforts to eliminate the cause of such delay and make its best endeavors
(including but not limited to seeking for or utilizing alternative tools or methods) to remove the damages caused by such Force Majeure, and then inform the other Party of the fact of such Force Majeure and any possible damages the other Party may
incur, within 20 days after the day when such cause of Force Majeure has been eliminated. During the period of such delay of performance, the Party confronting the Force Majeure shall take reasonable substitutes or adopt other alternatives that are
commercially reasonable so as to perform its obligations hereunder until the removal of such delay. 
  

	10.	 Confidentiality 

Each Party shall maintain the confidentiality of any Confidential Information of the other Party, and without the prior written consent of the disclosing
Party, shall not disclose such Confidential Information to any third party, except for the following circumstances: (i) such Confidential Information is or has become generally available to the public (other than as a result of any unauthorized
disclosure by the Party receiving such materials or any of its Affiliates or employees); (ii) disclosure of such Confidential Information is required by any Legal Requirements, any competent governmental authority, any regulatory agency of security
or stock exchange, or any rules and regulations of the relevant stock exchange (provided however that, under such scenario, to the extent as permitted by the Legal Requirements, the Party disclosing such materials shall give a prior notice to the
other Party and then the Parties shall reach consensus through consultations as to the scope and content to be disclosed); or (iii) disclosure of any Confidential Information made by a Party to its attorneys or financial advisors for the
business cooperation as contemplated hereunder, provided that the foregoing persons shall abide by the similar confidentiality obligation as provided in this Section 10. Furthermore, each Party hereby undertakes that it shall use all
Confidential Information as provided by the other Party only for the purpose as set forth in this Agreement, and shall destroy or surrender such Confidential Information at the request of the disclosing Party upon the termination of this Agreement.
Any violation of this Section 10 by any Party, any of its Affiliates, any of its employees or its engaged intermediary agents of any Party or its Affiliates, shall be deemed as a violation by such Party, and such breaching Party shall assume
any liability arising from such violation. This Section 10 shall survive the voidness, rescindment or termination of this Agreement for any reason whatsoever. 
  

	11.	 Tax 

The Tax incurred arising from the execution and performance of this Agreement shall be assumed by each Party respectively. 

 

	12.	 Representations, Warranties and Covenants 

 

	12.1	 Each Party represents and warrants to the other Party as follows: 

 

	 	(1)	 it is a company incorporated in accordance with the laws of the jurisdiction of its incorporation, validly
existing and in good standing, and has all requisite right, power and capacity to enter into this Agreement and perform its obligations and responsibilities hereunder; 

 

	 	(2)	 all corporate actions on its part and, as applicable, its respective officers, directors and shareholders
necessary for the authorization, execution and delivery of this Agreement, and the performance of its obligations hereunder, have been taken or will be taken on or prior to the Effective Date; 

  
 9 

	 	(3)	 this Agreement is legally binding on and enforceable against it in accordance with the terms hereof, except
(A) as limited by applicable bankruptcy, insolvency, reorganization, moratorium, and other laws of general application affecting enforcement of creditors’ rights generally, and (B) as limited by laws relating to the availability of
specific performance, injunctive relief, or other equitable remedies or general principles of equity (regardless of whether enforcement is sought in a proceeding in equity or law); 

 

	 	(4)	 neither the execution, delivery nor performance of this Agreement by it, nor the consummation of the
transactions contemplated hereby, will (A) conflict with, or result in any breach or violation of, or default under (with or without notice or lapse of time, or both), or give rise to a right of termination, cancellation or obligation or loss
of any benefit, or the creation or imposition of any encumbrance under (1) any provision of its articles, organizational or constitutional documents, (2) any contract to which it is a party or to which any of its properties or assets are
bound, except as would not, individually or in the aggregate, reasonably be expected to have a material adverse effect on its ability to consummate the transactions contemplated by this Agreement and to timely perform material obligations of it
hereunder or (3) any material Legal Requirement applicable to it or any of its respective properties or assets, or (B) require any approval, authorization, consent, licenses, permit, certificates of exemption, franchises, accreditations,
qualification, certificates or registration, or any waiver of any of the foregoing, from or with, or any notice, statement or other communication with or to, any Governmental Entity or any third party; and 

 

	 	(5)	 there is no action, suit or proceeding, pending or threatened against it or its Affiliates that questions the
validity of this Agreement or its right to enter into this Agreement or to consummate the transactions contemplated hereby. 

  

	12.2	 Where any legal document executed by any Party prior to the execution of this Agreement conflicts with any
provision herein, such Party shall give immediate written notice to the other Party based on the principle of bona fide, good faith and friendship and the Parties shall resolve the problem through consultation. If the conflicts between the former
legal document of any Party and this Agreement results in any loss of the other Party, such Party shall be held liable for any responsibility arising from the breach of this Agreement. 

 

	12.3	 If any Party, during the performance of its obligations hereunder, finds that such performance is subject to
the license, consent or approval of any third party, such Party shall notify the other Party within 30 days from its knowledge of such matter, and shall make its best endeavors to obtain such license, consent or approval from such third party. If
such Party fails to obtain such license, consent or approval within a reasonable time period, the relevant Party shall provide a solution on such matter which is acceptable to the other Party. 

 

	12.4	 Dada hereby makes the representations and warranties, and agrees to be bound by the anticorruption covenants
and agreements, set forth in Exhibit B. 

  

	12.5	 WCI hereby represents and warrants that [***]. 

 

	13.	 Notice and Delivery 

 

	13.1	 All notices, requests, demands, and other communications under this Agreement shall be in writing and shall be
deemed to have been duly given (a) if in writing and served by personal delivery upon the Party for whom it is intended, on the date of such delivery; (b) if delivered by certified mail, registered mail or courier service, return receipt
received to the Party at the address set forth below, on the date of such delivery; or (c) if delivered by email, upon confirmation of receipt by a non-automated response: 

  
 10 

 If to WCI, at: 

1/F to 12/F, Tower 3 and 2/F to 5/F, Tower 2, SZITIC Square 

69 Nonglin Road, Futian District 

Shenzhen, China 
 Attention:
General Counsel 
 Telephone: + 86 755 23974308 

with a copy to: 

Morrison & Foerster LLP 

755 Page Mill Road 
 Palo Alto, CA
94304-1018 
 Attention: Charles C. Comey, Esq. 

If to Dada, at: 
 6/F, Longyu
Building, 
 1036 Pudong Nan Road, Pudong District, 

Shanghai, China 
 Attention: KUAI
Jiaqi 
 Telephone: +86 21 68596008 
  

	13.2	 Any Party may change its address for purposes of this Section 13 by giving the other Party written notice
of the new address in the manner set forth above. 

  

	14.	 Liability for Breach 

 

	14.1	 If any Party is in breach of any provision of this Agreement and causes losses to any other Party, such Party
shall bear the liability for breach. 

  

	14.2	 The Parties understand and agree that they enter into this Agreement for and on behalf of themselves and their
respective Affiliates, and have the obligation to procure and ensure their respective Affiliates to comply with and perform this Agreement. 

  

	15.	 Redemption  

 

	15.1	 Without prejudice to WCI’s rights under Section 14 of this Agreement, if Dada breaches Sections
3.2(a), 3.2(b) or 6 (such breach, a “Key Breach” for purposes of Dada’s Memorandum and Articles of Association) of this Agreement, WCI may notify Dada of such breach in writing (the “First
Notice”). Upon receipt of the First Notice, Dada shall perform a self-inspection, cure such breach and notify WCI of such cure (with reasonable supporting evidence and documentation) within sixty (60) days (the “Cure
Period”). Upon the expiry of the Cure Period, to the extent that WCI believes in good faith that Dada has not cured the Key Breach, WCI shall notify Dada in writing (the “Second Notice”) and Dada will promptly
engage in good faith discussion with WCI to agree on a mutually acceptable resolution. If Dada has failed to cure the Key Breach within forty-five (45) days of the date of the Second Notice, WCI in its discretion may, by notifying Dada in
writing, require Dada to redeem all or any portion of the Series E-1 Preferred Shares and Series F Preferred Shares of Dada held by Azure Holdings S.a.r.l. or its Affiliates at a price per share equal to
$4.2787030, subject to adjustments for stock dividends, splits, combinations and similar events in accordance with Dada’s Memorandum and Articles of Association (a “Redemption”); provided that WCI shall not have
the right to Redemption pursuant to this Section 15.1 if WCI is then in material breach of this Agreement. A Redemption shall be subject to satisfaction of the Redemption Conditions set forth in Section 15.2. 

  
 11 

	15.2	 “Redemption Conditions” mean: (a) WCI or its Affiliates continue to beneficially
own all (100%) of the Series E-1 Preferred Shares and Series F Preferred Shares of Dada held by Azure Holdings S.a.r.l. or its Affiliates immediately after the consummation of its subscription of the Series F
Preferred Shares, less any shares previously redeemed pursuant to this Section 15; and (b)(1) WCI and its subsidiaries have not invested in any entities that operate primarily in the Territory that are Adverse Persons, and (2) WCI’s
other Affiliates have not directly invested in any entities that operate primarily in the Territory that are Adverse Persons. 

  

	15.3	 If WCI breaches Sections 3.2(e) or 3.3 of this Agreement, Dada may notify WCI of such breach in writing. Upon
receipt of such notice, WCI shall perform a self-inspection and cure such breach within sixty (60) days (the “WCI First Cure Period”). Upon the expiry of the WCI First Cure Period, to the extent that Dada believes in
good faith that WCI has not cured such breach, Dada shall notify WCI in writing (the “Second Dada Notice”) of such ongoing breach and promptly engage in good faith discussions with WCI to agree on a mutually acceptable
resolution. If WCI has failed to cure such ongoing breach within forty-five (45) days of the date of the Second Dada Notice, Dada in its discretion may, by serving a written notice to WCI, terminate this Section 15, provided that
Dada shall not have the right to terminate this Section 15 if Dada is then in material breach of this Agreement. 

  

	15.4	 For the avoidance of doubt, any disputes arising in connection with execution of the remedies provided in this
Section 15 are subject to the terms of Section 16.2. 

  

	16.	 Governing Law and Dispute Resolution 

 

	16.1	 This Agreement shall be governed by and interpreted in accordance with the laws of Hong Kong.

  

	16.2	 Any dispute arising out of or relating to this Agreement, including any question regarding its existence,
construction, interpretation, validity, termination or implementation, shall be referred to and finally resolved by arbitration at the Hong Kong International Arbitration Centre in accordance with the Hong Kong International Arbitration Centre
Administered Arbitration Rules then in force. There shall be three arbitrators. WCI shall have the right to appoint one arbitrator, Dada shall have the right to appoint one arbitrator, and the third arbitrator shall be appointed by the Hong Kong
International Arbitration Centre. The arbitration proceedings shall be conducted in English. Each of the Parties irrevocably waives any immunity to jurisdiction to which it may be entitled or become entitled (including without limitation sovereign
immunity, immunity to pre-award attachment, post-award attachment or otherwise) in any arbitration proceedings and/or enforcement proceedings against it arising out of or based on this Agreement or the
transactions contemplated hereby. Notwithstanding the foregoing, either Party may seek immediate injunctive relief or other interim relief from any court of competent jurisdiction as necessary to enforce the provisions of this Agreement.

  

	16.3	 In the event that any dispute arising out of the interpretation and performance of this Agreement or any
dispute is under arbitration, the Parties shall continue to exercise their respective rights and perform their respective obligations under this Agreement except for the matters in dispute. 

  
 12 

	17.	 Miscellaneous 

 

	17.1	 Each Party shall procure and shall take all actions necessary to ensure that any and all rights of the other
Party contemplated by this Agreement will not be affected by any merger, acquisition, division, restructuring or material business restructuring of such Party, including without limitation any material business restructuring relating to the O2O
Business. Without limitation of the foregoing, each Party shall notify the other Party at least 10 days prior to, and at the request of the other Party, such Party shall make appropriate arrangements prior to, the closing of any such merger,
acquisition, division, restructuring or material business restructuring so that the other Party will be able to continue the business cooperation as contemplated by this Agreement upon completion of such merger, acquisition, division, restructuring
or material business restructuring. 

  

	17.2	 The relationship between the Parties established by this Agreement is that of independent contractors, and
nothing contained in this Agreement shall be construed to (i) give any Party the power to direct or control the day to day activities of the other Party, or (ii) allow any Party to create or assume any obligation on behalf of the other
Party for any purpose whatsoever. The Parties acknowledge and agree the relationship between the Parties does not and will not constitute a partnership (including a limited partnership) or a joint venture by reason of this Agreement or otherwise,
that no Party is or will be, by reason of this Agreement or otherwise, a partner or joint venturer of the other Party for any purpose, and that this Agreement shall not be construed to suggest otherwise. No party shall make any misrepresentations
about the other Party’s products or services. 

  

	17.3	 This Agreement shall not be amended, changed or modified, except by another agreement in writing executed by
WCI and Dada. 

  

	17.4	 Neither this Agreement nor any of the rights, duties or obligations hereunder may be assigned by any Party
without the express written consent of the other Party. However, it may designate its eligible Affiliates to perform certain cooperation matters as the case may be. Any purported assignment in violation of this Section 17.4 shall be null and
void. 

  

	17.5	 Without limiting any other provision of this Agreement, none of the Parties, nor any of their respective
Affiliates, shall issue any press release or other public announcement or communication (to the extent not publicly disclosed or made in accordance with the Subscription Agreement) with respect to the transactions contemplated hereby without the
prior written consent of the other Party (such consent not to be unreasonably withheld, conditioned or delayed), except to the extent a Party’s counsel deems such disclosure necessary or desirable in order to comply with any law or the
regulations or policies of any securities exchange or other similar regulatory body (in which case the disclosing Party shall give the other Party notice as promptly as is reasonably practicable of any required disclosure to the extent permitted by
applicable law), shall limit such disclosure to the information such counsel advises is required to comply with such law or regulations, and if reasonably practicable, shall consult with the other Party regarding such disclosure and give good faith
consideration to any suggested changes to such disclosure from the other Party. Notwithstanding anything to the contrary in this Section 17.5, the Parties may make public statements without the other Party’s consent so long as any such
statements are not materially inconsistent with previous press releases, public disclosures or public statements made by JD or Walmart and do not reveal material, non-public information regarding the other
Party or the transactions contemplated by this Agreement. 

  

	17.6	 This Agreement (together with the schedules and exhibits hereto) constitutes the entire understanding and
agreement between the Parties with respect to the matters covered hereby, and all prior agreements and understandings, oral or in writing, if any, between the Parties with respect to the matters covered hereby are superseded by this Agreement.

  
 13 

	17.7	 If any provisions of this Agreement shall be adjudicated to be illegal, invalid or unenforceable in any action
or proceeding whether in its entirety or in any portion, then such provision shall be deemed amended, if possible, or deleted, as the case may be, from this Agreement in order to render the remainder of this Agreement and any provision thereof both
valid and enforceable, and all other provisions hereof shall be given effect separately therefrom and shall not be affected thereby, so long as the economic or legal substance of the transactions contemplated hereby is not affected in any manner
materially adverse to any Party. Upon such a determination, the Parties shall negotiate in good faith to modify this Agreement so as to effect the original intent of the Parties as closely as possible in an acceptable manner in order that the
transactions contemplated hereby be consummated as originally contemplated to the fullest extent possible. 

  

	17.8	 This Agreement shall inure to the benefit of, and be binding upon, each of the Parties and their respective
heirs, successors and permitted assigns and legal representatives. 

  

	17.9	 This Agreement shall be binding upon and inure solely to the benefit of the Parties hereto and their respective
successors and permitted assigns and nothing herein, express or implied, is intended to or shall confer upon any other person any legal or equitable right, benefit or remedy of any nature whatsoever, except as expressly provided in this Agreement.

  

	17.10	 Except as otherwise provided in this Agreement, the Parties will bear their respective expenses incurred in
connection with the negotiation, preparation and execution of this Agreement and the transactions contemplated hereby, including fees and expenses of attorneys, accountants, consultants and financial advisors. 

 

	17.11	 The Parties agree that irreparable damage would occur in the event any provision of this Agreement were not
performed in accordance with the terms hereof or thereof and that the Parties shall be entitled to specific performance of the terms hereof or thereof, in addition to any other remedy at law or equity. 

 

	17.12	 The headings of the various articles and sections of this Agreement are inserted merely for the purpose of
convenience and do not expressly or by implication limit, define or extend the specific terms of the section so designated. 

  

	17.13	 No waiver of any provision of this Agreement shall be effective unless set forth in a written instrument signed
by the Party waiving such provision. No failure or delay by a Party in exercising any right, power or remedy under this Agreement shall operate as a waiver thereof, nor shall any single or partial exercise of the same preclude any further exercise
thereof or the exercise of any other right, power or remedy. 

  

	17.14	 For the convenience of the Parties and to facilitate execution, this Agreement is executed in 6 originals and
each Party shall hold 2 originals, each of which shall be deemed to be an original, but all of which together shall constitute but one and the same instrument. Signatures in the form of facsimile or electronically imaged “PDF” shall be
deemed to be original signatures for all purposes hereunder. 

 -The remainder of this page is intentionally left
blank- 

  
 14 

 IN WITNESS WHEREOF, the Parties have caused this Agreement to be duly executed as of the date first above
written. 
  

			
	WALMART (CHINA) INVESTMENT CO., LTD.
		
	By:	 	 /s/ Wern Yuen Tan

		 	

 [Signature Page to Business Cooperation Agreement] 

 IN WITNESS WHEREOF, the Parties have caused this Agreement to be duly executed as of the date first above
written. 
  

			
	DADA NEXUS LIMITED
		
	By:	 	 /s/ Philip Jiaqi Kuai

		
	Name:	 	Philip Jiaqi Kuai
	Title:	 	Director

 [Signature Page to Business Cooperation Agreement] 

 [***] 

 Exhibit A 

Red Line Program 
 The Red Line Program includes
the following terms: 
  

	 	•	 	 Stores must meet minimum operating performance standards as measured by the key performance indicators set forth
in the table below. 

  

	 	•	 	 Dada may send written notices to non-complying stores indicating that
they are not in compliance with the Red Line Program. Upon receipt of a notice of non-compliance, stores will have 14 days to rectify such noncompliance. 

 

	 	•	 	 After the initial 14 day rectification period, Dada may send stores that remain
non-compliant a second notice requiring the store to rectify such non-compliance within 14 days. 

 

	 	•	 	 Stores that remain non-compliant after the second, 14-day escalation notice period will be reported to Jordan Berke and Bernardo Perlorio (or their successors, as designated by WCI) (the “Red Line Approvers”) for approval to suspend the store from
the O2O Sales Platform. 

  

	 	•	 	 The suspended store must submit a corrective action plan. After completion of corrections and approval from the
Red Line Approvers, the suspension of such store will be lifted. 

  

											
	 [***]
	  	 [***]
	  	[***]	 	  	[***]	 
	 [***]
	  		  	 	[***]	 	  	 	[***]	 
	 [***]
	  		  	 	[***]	 	  	 	[***]	 
	 [***]
	  		  	 	[***]	 	  	 	[***]	 

 Exhibit B 

Anticorruption Covenants 
 For
purposes of this Exhibit B, “Entity” shall mean Dada, and “the Company” shall mean Walmart. 
 Part
I/第一部分 
  

	1.	 Compliance with Law and Policy 遵纪守法 

 Entity is aware that the Company belongs to a multinational retail group based in the United States of America, and is familiar with
the Walmart Inc. Global Anti-Corruption Policy (the “Policy”), available at https://walmartethics.com. Entity agrees that its performance under this Agreement will be in full compliance with the Policy and all applicable anti-corruption
laws and regulations, including but not limited to the U.S. Foreign Corrupt Practices Act and the UK Bribery Act. Accordingly, Entity agrees that in connection with its activities under this Agreement, neither Entity nor any agent, affiliate,
employee, or other person acting on its behalf will offer, promise, give, or authorize the giving of anything of value, or offer, promise, make, or authorize the making of any bribe, rebate, payoff, influence payment, facilitation payment, kickback,
or other unlawful payment, to any government official, political party, or candidate for public office in order to obtain or retain business, gain any unfair advantage, or influence any act or decision of a government official. 

[实体]知晓公司隶属于总部位于美国的跨国零售集团,且熟悉Walmart
 Inc.《全球反腐败政策》(“《政策》”),该《政策》可在此查阅:https://walmartethics.com。[实体]同意,其在履行本协议时,将完全遵守该《政策》及所有适用的反腐败法律和法规,包括但不限于美国《反海外腐败法》和英国《反贿赂法案》。因此,[实体]同意,就其在本协议下所开展的业务而言,[实体]或任何代理、关联公司、雇员或代表其行事的其他人,都不会为了获得或保留业务、获取不公平竞争优势或影响政府官员的行为或决定,而向任何政府官员、政党或公职候选人提议、承诺、给予或授权给予任何有价物品,或提议、承诺、提供或授权提供任何贿赂、返利、报酬、收买费、疏通费、回扣或其他非法款项。
 
  

	2.	 Annual Certification 年度声明 

Entity agrees to certify annually its compliance with the Policy and the applicable anti-corruption laws and regulations by executing a form supplied by the
Company for this purpose, which is attached as an Appendix to this Exhibit B. 

[实体]同意,签署公司为此提供的表格,每年声明其遵守该《政策》及适用的反腐败法律和法规。该表格见本协议附录。
 
  

	3.	 Audit Rights 审计权 

Entity shall keep books, records, and accounts with sufficient detail and precision as to clearly reflect its transactions and the use or disposition of its
resources or assets. Entity agrees that the Company has the right to audit the transactions related to Entity’s execution of its obligations under this Agreement at any time and upon reasonable notice. 

[实体]的账簿、记录和账目应详实准确,能清晰地反映其交易以及资源或资产的使用或处置。[实体]同意,公司有权在合理期限内提前发出通知,随时审计与[实体]执行本协议规定义务相关的交易。
 

	4.	 Training 培训 

Entity agrees that its employees, workers, contractors, agents, shareholders, affiliates, advisors, or other persons acting on its behalf who will interact
with government officials on the Company’s behalf will participate in anti-corruption training, if requested by the Company. 

[实体]同意,若公司提出要求,那么,代表公司与政府官员接触的雇员、工人、承包商、代理、股东、关联公司、顾问或其他代其行事的人,需参加反腐败合规培训。
 
  

	5.	 Subcontractors 分包商 

The Company must provide Entity with prior written authorization before Entity hires any subcontractor to provide services in connection with this Agreement
that would require interaction with any government entity or government official on the Company’s behalf. In the event that the Company approves Entity’s use of the proposed subcontractor, the subcontractor must agree, in writing, that in
connection with its activities related to this Agreement, neither the subcontractor nor any agent, affiliate, employee, or other person acting on its behalf will offer, promise, give, or authorize the giving of anything of value, or offer, promise,
make, or authorize the making of any bribe, rebate, payoff, influence payment, kickback, or other unlawful payment, to any government official, political party, or candidate for public office in order to obtain or retain business, gain any unfair
advantage, or influence any act or decision of a government official. 

公司必须向[实体]提供事前书面授权后,[实体]才能雇用分包商,提供与本协议相关的服务,代表公司与政府实体或政府官员接触。如果公司批准[实体]使用拟议的分包商,则该分包商必须以书面方式同意,就其在本协议下开展的活动而言,[实体]或任何代理、关联公司、员工或代表其行事的其他人,都不会为了获得或保留业务、获取不公平优势或影响政府官员的行为或决定,而向任何政府官员、政党或公职候选人提议、承诺、给予或授权给予任何有价物品,或提议、承诺、提供或授权提供任何贿赂、返利、报酬、收买费、疏通费、回扣或其他非法款项。
 
  

	6.	 Right to Terminate 终止权 

In the event that the Company determines, in its sole discretion, that Entity has engaged in conduct that violates the Policy or the applicable anti-corruption
laws and regulations, the Company immediately shall have the right to suspend payment and to suspend or terminate the Agreement. The Company shall also have the right to suspend payment and to suspend or terminate the Agreement if Entity does not
comply with the ongoing anti-corruption compliance obligations set forth in this Agreement or if Entity does not successfully complete periodic due diligence re-screening. 

如果公司依其自行判断,认定[实体]的行为违反《政策》或适用的反腐败法律和法规,则公司应有权立即暂停付款,并暂停或终止本协议。若[实体]未符合本协议持续要求的反腐败合规义务或若[实体]未能成功完成定期尽职调查的重新审核,公司有权立即暂停付款并暂停或终止本协议。
 
  

	7.	 Government Affiliations 政府隶属关系

 Entity represents and warrants that neither Entity nor any of its directors, officers, partners, shareholders, employees, agents, or
representatives is a government official. Entity represents that it has informed the Company of any close family relationships between any of its directors, officers, partners, shareholders, employees, agents, or representatives and any government
officials. Entity agrees to notify the Company if (a) any such close family relationships arise during the term of this Agreement or (b) any director, officer, partner, shareholder, employee, agent, or representative becomes a government
official during the term of this Agreement. Close family relationship means parents, siblings, spouses, spousal equivalents, and children. 

[实体]声明并保证,[下文所列人员除外(列出任何此类政府官员)],[实体]或其任何董事、高管、合伙人、股东、员工、代理或代表皆非政府官员。[实体]声明,凡是其任何董事、高管、合伙人、股东、员工、代理或代表与任何政府官员之间有近亲关系的,它均已告知公司。[实体]同意会将如下情况通知公司:(a)
 在本协议有效期内出现任何此类近亲关系,或
(b)在本协议有效期内,任何董事、高管、合伙人、股东、员工、代理或代表成为政府官员。近亲关系指父母、兄弟姐妹、配偶、等同配偶和子女。
 
 Entity represents that no director, officer, partner, owner, or shareholder of [list entities that have an ownership interest in Entity] is a government
official. Entity agrees to notify the Company if any such director, officer, partner, owner, or shareholder becomes a government official during the term of this Agreement. 

[实体]声明,[除下文所列个人外(列出任何此类政府官员)],[列出在第三方中介/业务伙伴拥有所有者权益的实体]的董事、高管、合伙人、所有人或股东皆非政府官员。[实体]同意,在本协议有效期内,如果该董事、高管、合伙人、所有人或股东成为政府官员,会告知公司。
 
  

	8.	 Form of Payment 付款方式 

The Parties agree that all payments made by the Company to Entity pursuant to this Agreement shall be made only after receipt by the Company of an invoice
detailing the products or services for which Entity is seeking payment. All payments under this Agreement shall: (i) be made solely by check or wire transfer for the benefit of, and to the account of, Entity and not to any individual employee
or representative of Entity; (ii) be denominated in [functional currency]; and (iii) not be in cash or bearer instruments. 

各方同意,根据本协议由公司支付给[实体]的所有款项,只有在公司收到发票,且上面列出了[实体]要求付款的产品或服务后才能支付。根据本协议作出的所有付款都:(i)
 只能以支票或电汇方式,支付给[实体]及其账户,而非[实体]的个人员工或代表;(ii)
 以[功能性货币]为货币单位;以及 (iii) 不能是现金或不记名票据。 

 

	9.	 Obligation to Provide Information 提供信息的义务

 Entity agrees to provide timely information to the Company regarding any changes to the representations made in this Agreement,
including in this Exhibit B. Entity also agrees that it will submit to periodic due diligence re-screening. 

[实体]同意,凡本协议中所作声明有任何变动的,都将及时向公司提供信息。
 [实体]且同意将完成定期尽职调查的重新审核。 
  

	10.	 Cooperation with Investigations 配 合 调查

 Entity agrees to provide assistance and cooperation in any investigations related to potential violations of the Policy or the
applicable anti-corruption laws and regulations, including the U.S. Foreign Corrupt Practices Act. 

[实体]同意协助并配合调查可能违反《政策》或适用反腐败法律和法规(包括美国《反海外腐败法》)的行为。
 
  

	11.	 Governing Law 管辖法律  

The provisions of this Exhibit shall be governed by the federal law of the United States. 

本协议本附件项下的条款受美国联邦法律管辖。

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