Dada Nexus, a Chinese crowdsourced on-demand delivery and retail platform backed by e-commerce giant, has filed for an initial public offering (IPO) in the United States according to a regulatory filing, shrugging off concerns about Chinese listings following recent accounting scandals at Luckin Coffee and two other Chinese companies.

The listing could raise about US$500 million, making it one of the biggest IPOs by a Chinese company this year, Bloomberg News reported, citing people familiar with the matter.

The IPO is scheduled for later this year on Nasdaq, with proceeds from the listing going toward investments in technology, research and development and to increase the user base of the unprofitable company, according to a term sheet seen by the South China Morning Post. Goldman Sachs, BofA