Dada-JD Daojia, a Chinese online grocery and delivery company, said on Thursday [9 August 2018] it has raised $500 million from Walmart Inc and JD.com Inc in its latest round of financing. The firm has two businesses, and it is partly owned by JD.com. Dada runs a network of 5 million delivery staff, while JD Daojia works with retail stores and provides one-hour delivery for groceries…Full Article: The Global Times Aug 2018

Key Point

  • In August 2018, JD.com and Walmart raised USD 500 million for Dada-JD Daojia, of which USD 320 million was invested by Walmart.

ChinaAg Comments

  • In May 2017, Yum China Holdings (NYSE:YUMC) announced it would acquire a controlling stake Daojia.com.cn (aka Daojia) for an undisclosed amount.
  • 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 (NYSE:YUMC) was in talks to acquire Daojia.com.cn for approximately USD 200 million.
  • 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 Dada-JD Daojia phone app. At the time, Walmart had 426 stores located in nearly 170 Chinese cities.
  • In April 2016, JD.com announced New Dada would merge with JD Daojia. As a result, JD.com held a 47.4% equity stake in Dada-JD Daojia. The deal included a payment of USD 200 million in cash.
  • In December 2015, JD.com announced that it would begin grocery delivery service from Yonghui Superstores (SHA:601933) in the Beijing area via its JD Daojia mobile app. Deliveries will be free for orders more than CNY 39 (USD 6).
  • In August 2015, JD.com purchased a 10% stake in Yonghui Superstores (SHA:601933) for CNY 4.3 billion (~USD 662 million).
  • In June 2015, New Dada raised USD 100 million in funds from Sequoia Capital (American VC firm, see also Meituan-Dianping), DST (Hong Kong VC firm), and Greenwoods Capital (American VC firm). At the time, New Dada helped handle and ship orders from JD.com and Alibaba.
  • In May 2015, JD Daojia began service in Shenzhen, Guangdong Province.
  • In April 2015, JD Daojia, a food and grocery delivery service and mobile app, was launched.
  • In September, 2014, JD.com (e-commerce) and Macquarie Capital (finance) co-invested USD 50 million in Daojia.com.cn (aka Daojia). This was the fourth round of fundraising for Daojia and JD.com’s second such investment.
  • Founded in 2014 and headquartered in Shanghai, New Dada (aka Dada Nexus Limited) is an online delivery service.
  • In September 2013, JD.com invested in Daojia.com.cn (aka Daojia). This was the third round of fundraising for Daojia, but its first investment from JD.com.
  • Founded in April 2010 and headquartered in Beijing, Daojia.com.cn (aka Daojia) is an e-commerce food (restaurant) delivery platform. Daojia.com.cn is not related or connected with the company “58 Daojia”.

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