ICON Shares Plunge 50% After Revenue Overstatement Disclosure

Preliminary probe finds less than 2% revenue overstatement for 2023 and 2024; company withdraws guidance and delays earnings.
Morningstar

JD.com: Overstatement of Dada Nexus’ Revenue and Costs Has Minimal Impact

While JD.com’s consolidated subsidiary Dada Nexus, or Dada, overstated an estimated CNY 500 million in revenue and CNY 500 million in costs in the first three quarters of 2023, we think this has ...