Dada-JD Daojia (达达-京东到家), a Chinese online grocery and delivery company, has completed the latest round of funding, raising $500 million from Walmart and JD.com, according to the company’s press release.

“After this round of financing, Dada-JD Daojia will deepen our partnership with leading retail partners and improve supply chain efficiency via technology,” said Philip Kuai, founder and CEO of Dada-JD Daojia.

Dada-JD Daojia includes two businesses: e-commerce platform “JD Daojia” and logistics platform “Dada”. The two merged in 2016 in a $200 million deal and became a combined entity that provides delivery services to retailers, service providers and enterprises across China. The merger was described by Richard Liu Qiangdong, CEO of JD.com, as “an important step forward in building a sustainable O2O ecosystem.” The joint entity has made important strides since the tie-up: by leveraging Dada’s logistics capabilities and delivery network of over 100,000 retail stores, JD Daojia provides one-hour delivery service of a wide range of products, including fresh produce, groceries, and pharmaceutical products.

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Nicole Jao

Nicole Jao is a reporter based in Beijing. She’s passionate about emerging trends, news, and stories of human interest within the world of technology. Connect with her on Twitter or via email: nicole.jao.iting@gmail.com.