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Walmart pours money back into China alongside its JD.com partnership

on Aug 13, 2018 | 0 comments

By Charlotte McEleny

Walmart and JD.com have invested $500m into online grocery delivery firm Dada-JD Daojia.

The app uses location to deliver goods from local supermarkets and has over 20 million users.

According to Walmart, the move is part of an ongoing investment into digital which will enhance the convenience of shopping for consumers.

Dada-JD Daojia, a company formed via a merger of JD’s online-to-offline business JD Daojia and crowdsourcing delivery service Dada Nexus, first partnered with Walmart in 2016, according to CNBC. Earlier this year, Walmart opened a high tech store, using Dada-JD Daojia technology to link its products with customers in Read full story ›

Source: The Drum