Walmart, JD.Com Pledge USD500 Million To China Delivery Network
Chinese online grocery and delivery firm Dada-JD Daojia has raised USD500 million from Walmart and JD.com in its latest round of financing. Walmart invested about USD320 million in the latest fundraising. At present, 200 Walmart stores in 30 major Chinese cities have a presence in JD Daojia.
Tags: Asia/Pacific, Capital Discipline, China, Concentration & Saturation, Digital & Physical Integration, East Asia, Ecommerce, Fulfillment, Jd.com, JD.com, Logistics/ Supply Chain, Pureplay, Walmart