Dada-JD Daojia gets $500m from shopping trip · Articles · Global Corporate Venturing
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9 August 2018

Dada-JD Daojia gets $500m from shopping trip

Walmart put up $320m of the cash for grocery delivery service Dada-JD Daojia while the rest came from another existing investor, JD.com.

Author: Robert Lavine, News Editor

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.