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 Inc in its latest round of financing. The firm has two businesses, and it is partly owned by 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, 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 (aka Daojia) for an undisclosed amount.
  • As of late 2016, 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 for approximately USD 200 million.
  • In October 2016, Walmart’s share in rose from 5.9% to 10.8%. During the same month, select Walmart stores announced they would deliver groceries via’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, announced New Dada would merge with JD Daojia. As a result, held a 47.4% equity stake in Dada-JD Daojia. The deal included a payment of USD 200 million in cash.
  • In December 2015, 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, 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 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, (e-commerce) and Macquarie Capital (finance) co-invested USD 50 million in (aka Daojia). This was the fourth round of fundraising for Daojia and’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, invested in (aka Daojia). This was the third round of fundraising for Daojia, but its first investment from
  • Founded in April 2010 and headquartered in Beijing, (aka Daojia) is an e-commerce food (restaurant) delivery platform. is not related or connected with the company “58 Daojia”.

Hong Kong Trends

Similar Posts by ChinaAg

Spread the word. Share this post!