• Walmart co-leads $500M investment in Chinese online grocery service Dada-JD Daojia

    2 monthes ago - By Tech Crunch

    Walmart sold its China-based e-commerce business in 2016 , but the U.S. retail giant is very much involved in the Chinese internet market through a partnership with e-commerce firm JD.com. Alibaba's most serious rival, JD scooped up Walmart's Yihaodian business and offered its own online retail platform to help enable Walmart to products in China, both on and offline .
    Now that relationship is developing further after Walmart and JD jointly invested $500 million into Dada-JD Daojia, an online-to-offline grocery business which is part owned by JD, according to a CNBC report .
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