Walmart China Invests in Online Grocery Firm — USNews.com

Walmart is investing in a Chinese online grocery delivery company, one that Walmart partner JD.com is also heavily involved in:

“Walmart said it invested about $320 million in the latest fundraising. The Arkansas-based company’s partnership with Dada-JD Daojia dates back to 2016 when it invested $50 million, the company said, adding that at present, 200 Walmart stores in 30 major Chinese cities have a presence in JD Daojia.”

P.S. Walmart continues to invest in growth markets such as China and India. What does your supplier business bring to the global table? Book a consultation with one of our experts today and learn more about doing business internationally.

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