A sign of Walmart is seen at its first supermarket in China. The global retail giant said it invested about US$320 million in the latest fundraising of Logistics services company Dada-JD Daojia. Photo: Reuters
Walmart, JD.com invest US$500 million in Chinese logistics service
Investment in logistics provider Dada-JD Daojia intensifies ‘smart retail’ movement in China, where tech giants such as Alibaba and Tencent cut deals to combine shoppers’ online and offline experience
Topic |
China technology
A sign of Walmart is seen at its first supermarket in China. The global retail giant said it invested about US$320 million in the latest fundraising of Logistics services company Dada-JD Daojia. Photo: Reuters