Chinese Grocery Delivery Firm Dada-JD Daojia Raises $500M From Walmart And JD.com

Dada-JD Daojia, a Chinese online grocery delivery firm, has raised US$500 million from U.S. retailer Walmart and Chinese delivery giant JD.com in its latest round of financing, according to the company’s announcement. Both Walmart and JD.com have deep strategic and business synergies with Dada-JD Daojia. This new round of investment not only fully recognizes the effectiveness of its unbound retail practices, but also paves the way for the three parties to further explore unbound retail. Founded in 2016, Dada-JD Daojia …

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