Dada-JD Daojia in the last round of financing raised $ 500 million

09/08/2018

 

Dada-JD Daojia is a Chinese online grocery and delivery company

 

According to the company’s press release, Dada-JD Daojia raised $ 500 million from Walmart and JD.com. The result was published after the last round of financing.

Philip Kuai, founder and CEO of Dada-JD Daojia, said: “After this round of financing, Dada-JD Daojia will deepen our partnership with leading retail partners and improve supply chain efficiency via technology”.

 

Dada-JD Daojia includes two businesses: e-commerce platform “JD Daojia” and logistics platform “Dada”

 

The result of Dada-JD Daojia was achieved after the two companies “JD Daojia” and the “Dada” logistics platform joined together in a single company. The two merged in 2016 in a $200 million deal and Richard Liu Qiangdong, CEO of JD.com, described the merger as “an important step forward in building a sustainable O2O ecosystem.”

By leveraging Dada’s logistics capabilities and delivery network of over 100,000 retail stores, JD Daojia provides one-hour delivery service of a wide range of products.

 

Dada-JD Daojia’s partnership with Walmart goes back to 2016

 

Jianwen Liao, Chief Strategy Officer of JD.com, stated in the fundraising announcement that: “There will be no separation between online and offline shopping, only greater convenience, quality and selection to consumers”.

President and CEO of Walmart China Wern-Yuen Tan said:   “By working with strong partners, and investing in digital capabilities, we will create easier and more convenient shopping experiences for customers. We are confident that this deeper collaboration with Dada-JD Daojia will enhance our omni-channel footprint and deliver a better O2O customer experience.”

 

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