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Walmart invests USD 50 mln in New Dada

Thursday 3 November 2016 11:36 CET | News

Walmart has invested USD 50 million in New Dada, a China-based grocery O2O ecommerce platform, as an extension of Walmart’s agreement with JD.com and cooperation with New Dada.

New Dada’s network offers customers two-hour delivery on groceries ordered from Walmart stores through the JD Daojia Dada app.

The two-hour delivery service is available to customers within a 3 km radius of more than 20 Walmart stores that are currently part of the programme. The number of Walmart stores offering two-hour delivery is expected to double by the end of 2016.

News of the investment comes a day after Walmart and JD.com announced their collaboration on three new services --  Sam’s Club and Global Imports stores on JD.com, and two-hour grocery delivery through New Dada.


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Keywords: Walmart, New Dada, China, US, investment, ecommerce, O2O, JD.com
Categories: Payments & Commerce
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Countries: World
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Payments & Commerce