Walmart and JD.com invest $500 million in a Chinese logistics service
Bloomberg News
(Bloomberg)—Dada-JD Daojia has raised $500 million from existing backers JD.com Inc. and Walmart Inc. to quicken the growth of its delivery network across China. The logistics company said it intends to use the funds to invest in supply chain technology and serve merchants on its platform, which connects scooter-riding drivers in about 400 cities with […]