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 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
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
Tech /  Enterprises

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 |   US-listed Chinese stocks
Bloomberg
Bloomberg

Updated: 3:43pm, 20 Oct, 2020

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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 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
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
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