Walmart put up $320m of the cash for grocery delivery service Dada-JD Daojia while the rest came from another existing investor, JD.com.
China-based online grocery delivery service Dada-JD Daojia has raised $500m in a funding round that included a $320m investment by big-box retailer Walmart, Reuters reported today.
E-commerce firm and existing investor JD.com supplied the rest of the funding. The round comes after Walmart invested $50m in Dada-JD Daojia in late 2016 as part of a cooperation agreement.
Dada-JD Daojia comprises two companies: crowdsourced last-mile delivery service Dada and JD Daojia, which offers one-hour delivery of items which can be…
