This week, Dada-JD Daojia announced that it has raised $500 million in funding from Walmart and JD.com in a new round of funding. Dada-JD Daojia was created through the merger of JD.com’s JD Daojia and crowdsourcing delivery platform Dada Nexus.
JD Daojia oversees deliveries of goods from local supermarkets and partners through a location-based smartphone app — which is hitting about 20 million monthly active users.
Walmart partnered with Dada-JD Daojia for the first time in 2016. And Walmart opened a small high-tech supermarket in China for the first time earlier this year. Customers at this store can use their smartphones to buy items that are available in Walmart’s virtual store via the JD Daojia platform.
JD.com is known as being one of the biggest competitors for Alibaba. Google and Tencent are also investors in JD.com. Back in June, Google said it was going to invest $550 million in cash in JD.com as part of a strategic deal. For example, JD.com is going to make a number of items available for purchase in the U.S. and Europe through the Google Shopping platform.
Tencent is known for running the largest social messaging platform in China called WeChat. Through WeChat, JD.com will be able to sell to consumers through the WeChat app.
“By working with strong partners, and investing in digital capabilities, we will create easier and more convenient shopping experiences for customers,” said Walmart China CEO and president Wern-Yuen Tan in a statement via CNBC.
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