JD.com ties into Dada Nexus in $200m deal

Apr 18, 2016 • Thierry Heles

JD.com has invested $200m in logistics provider Dada Nexus and will merge its own delivery service JD Daojia into the new portfolio company.

China-based last-mile delivery services provider Dada Nexus secured a $200m investment on Friday from e-commerce company JD.com and will merge with the latter’s logistics subsidiary JD Daojia.

JD.com will own a 47.4% stake in the combined entity once the deal closes in the second quarter of this year. The merged company will continue to operate under the Dada Nexus brand.

Founded in 2014, Dada Nexus operates a crowdsourced delivery platform currently available in 37 cities across China. It lists 1.3…

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