- Why Subscribe?
- Free Subscription
Walmart has invested in New Dada
Walmart has built upon its current alliance with JD.com, after investing in the “local on-demand logistics and grocery ecommerce” company New Dada. New Dada is currently financially backed by JD, but with Walmart’s new backing of 50 million US dollars, it tightens the relationship between the two retail giants. The new deal comes just months after Walmart moved its old Chinese ecommerce site to JD.com, in exchange for an 11% stake. New Dada is now expected to be used by Walmart and JD in order to supply two-hour delivery services to a vast area of China. Initially that area will include anywhere within a 3-kilometre radius of any of the twenty Chinese Walmart stores taking part in the trial. However, this range will be expanded to include all 426 Walmarts in China, to cover just under 170 of China’s cities. The deal should help Walmart consolidate its position in the Chinese market, whilst also strengthening its competition for Alibaba.
The Movers And Shakers - Moving And ShakingSearch and discover everything we've reported on certain brands or industry topics. Follow the trends right before your eyes - and in the blink of eye you know.
Monthly Cost Video Briefings,Catch Up TV Language Guides,Country Guides,How To Guides eLearning,eLearning Course,Quizzes Tools,Webcertain Events Lists,Benchmarks Access to Webcertain video Tutors.Extra fee applicable Access to Customised courses and Examinations. Attendance at Webcertain.TV Connect Events per year Individual BASIC Free Limited Content per Month 10 2 2 Individual PREMIUM £25 Unlimited Content per Month 1 Team GLOBAL £95 Unlimited Content per Month 3