Wal-Mart has plans to invest $50m in China-based online grocery and logistics company New Dada.

Partly owned by JD.com, New Dada delivers in more than 300 cities to over 25 million customers, reported Timesunion.com.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

The decision to invest in New Dada is seen a part of the US retailer's strategy to focus more on Asia.

“Our alliance with JD and cooperation with New Dada will enable seamless shopping to millions of customers across China.”

Wal-Mart intends to offer a two-hour delivery service for groceries ordered from its offline stores using New Dada’s network.

See Also:

The grocery market is immensely competitive, and this investment will help the American retailer to offer faster delivery to consumers.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Wal-Mart CEO Doug McMillon was quoted by Digitaltrends.com as saying: “Our alliance with JD and cooperation with New Dada will enable seamless shopping to millions of customers across China.”

New Dada CEO Philip Kuai was quoted by Digitaltrends.com as saying: “Combining New Dada’s unparalleled delivery network with Walmart stores means consumers will enjoy convenient access to a wide range of high-quality goods delivered to their homes and offices in record time.

“We look forward to deepening our cooperation with Walmart as China’s O2O retail industry continues to evolve and grow.”