Walmart, JD.com commit $500m to China grocery delivery business
US retailer Walmart and its Chinese online counterpart JD.com have led a $500 million funding round for Dada-JD Daojia, a Chinese online grocery delivery service.
The company was formed two years ago when JD.com agreed to merge its online-to-offline (O2O) business unit with Dada Nexus, an independent delivery player that had previously received more than $400 million...
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