JD.Com and Walmart to invest USD 500 Mln in Chinese Logistics Service

SCMP. 9 August. 7 minute read.
Chinese ecommerce giant JD.com and global retail leviathan Walmart have put USD 500 million more into the Chinese logistics services company Dada-JD Daojia to speed up the growth of latter’s delivery network. Dada-JD Daojia is a joint venture of two firms; while JD Daojia partners with retail stores to provide delivery services of groceries and other items, Dada runs a network of 5 million delivery persons across China.
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