A total of 50 Walmart supermarkets across 12 Chinese cities opened online stores on JD Daojia (JDDJ), an online-to-offline platform under China’s online retailer JD.com, during the second quarter, according to a statement JDDJ sent to the Global Times on Wednesday. The supermarket chain has seen huge growth in its online business thanks to deeper cooperation with JDDJ. In June alone, Walmart’s online gross merchandise volume surged more than four times compared with that of January, with orders up more than three times…Full Article: The Global Times July 2017
- As of late 2016, Daojia.com.cn operated in the cities of Beijing (since 2010), Shanghai (since 2011), Hangzhou (2013), Suzhou (2014), Nanjing (2014), Changzhou (2014), Tianjin (2014), Wuxi (2014), Shenzhen (2015), and Guangzhou (2015).
- In December 2016, Yum China Holdings was in talks to acquire Daojia.com.cn.
- In October 2016, Walmart’s share in JD.com rose from 5.9% to 10.8%. During the same month, select Walmart stores announced they would deliver groceries via JD.com’s new Dada online service. Initially, New Dada’s two-hour delivery service for Walmart stores will be for customers within a 3 km [~1.86 miles] of 20 select stores. As a result, Chinese customers can order products from Walmart stores via the JD Daojia Dada phone app. At the time, Walmart had 426 stores located in nearly 170 Chinese cities.
- In June 2016, Walmart sold Yihaodian (e-commerce grocery website) to JD.com in exchange for a 5% stake in JD.com. As part of the deal, JD.com (backed by Tencent Holdings) will open an online store for Walmart’s Sam Club. Both companies will also cooperate on logistics (supply chain and delivery services).
- In September, 2014, JD.com (e-commerce) and Macquarie Capital (finance) co-invested US$50 million in Daojia.com.cn.
- Founded in April 2010 and headquartered in Beijing, Daojia.com.cn is an e-commerce food delivery platform that currently works with more than 6,000 restaurants.
- In 1996, Walmart opened its first store in Shenzhen, southern China.
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