new dada

Retail Asia16/11/2017

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JD.com profit soared 50 per cent after a 39 per cent increase in sales during the Chinese online retailer’s latest quarter. Its unaudited results for the three months to the end of September show revenue of RMB83.7 billion (US$12.6 billion), with a record 50.3 per cent surge in gross profit to RMB13 billion. Non-GAAP gross […]

Retail Asia10/02/2017

American retail giant Wal-Mart Stores has further increased its stake in China’s second-largest eCommerce firm JD.com. It now has a 12.1 per cent shareholding, up from 10.8 per cent, and comes about three months after the Arkansas-based retailer disclosed it had almost doubled its holding in JD.com from 5.9 per cent. Like Amazon, a large […]

Retail Asia19/11/2016

Walmart has made a US$50 million strategic investment in New Dada, formerly known as Dada and controlled by JD.com Inc., in another step deepening an existing partnership between the global retail giant and China’s second largest e-commerce firm. New Dada was created in April from a merger between JD.com’s O2O (online-to-offline) unit and Dada Nexus […]

Retail Asia24/10/2016

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Walmart has made another big e-commerce investment in China. On the heels of launching three major e-commerce initiatives in China, Walmart will invest $50 million in New Dada — China’s largest local on-demand logistics and grocery online-to-offline (O2O) e-commerce platform. Walmart’s newest investment further extends its agreement with JD.com, which uses New Dada’s network to […]

Tag: new dada

JD.com surprises with first profitable quarter

Wal-Mart Stores boosts JD.com stake

Walmart Invests $50M In JD.Com’s O2O Logistics Services App New Dada

Walmart makes another big move in China