Walmart Announces Strategic Investment in China’s largest on-demand logistics and O2O Grocery platform New Dada
October 20 2016 - 10:00PM
Business Wire
Investment deepens strategic alliance between
JD, Walmart and New Dada and enables grocery delivery from select
Walmart stores
Walmart (NYSE: WMT) today announced a $50 million strategic
investment in New Dada, China’s largest local on-demand logistics
and grocery O2O ecommerce platform. The investment is an extension
of Walmart’s broader agreement with JD.com and cooperation with New
Dada, which includes using New Dada’s network to offer customers
two-hour delivery on groceries ordered from Walmart stores through
the JD Daojia Dada app.
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Walmart CEO Doug McMillon announced a
strategic investment in New Dada with Philip Kuai, CEO of New Dada.
The investment is an extension of Walmart's alliance with JD.com
and will offer customers in China two-hour delivery on groceries
ordered from Walmart stores through the JD Daojia Dada app. (Photo:
Business Wire)
The two-hour delivery service is available to customers within a
3km radius of more than 20 Walmart stores that are currently part
of the program. The number of Walmart stores offering two hour
delivery is expected to double by the end of the year.
New Dada an independent joint venture of JD.com and Dada, boasts
more than 25 million registered customers and provides local
on-demand delivery capabilities with 2.5M crowd-sourced deliverers
across more than 300 cities in China. Walmart has 426 stores in
nearly 170 cities.
Walmart CEO Doug McMillon commented, “All around the world,
we’re creating seamless shopping experiences that bring together
our stores, sites and apps to make shopping faster and easier. Our
alliance with JD and cooperation with New Dada will enable seamless
shopping to millions of customers across China.”
“Today’s exciting announcement brings together the global retail
leader and China’s largest grocery delivery network to create a
unique new shopping experience,” said Philip Kuai, CEO of New Dada.
“Combining New Dada’s unparalleled delivery network with Walmart
stores means consumers will enjoy convenient access to a wide range
of high-quality goods delivered to their homes and offices in
record time. We look forward to deepening our cooperation with
Walmart as China’s O2O retail industry continues to evolve and
grow.”
News of the investment comes a day after Walmart and JD.com
announced their collaboration on three new services -- exclusive
Sam’s Club and Global Imports stores on JD.com, and two-hour
grocery delivery through New Dada.
About New Dada:
New Dada (www.imdada.cn) is China’s largest local on-demand
logistics and grocery O2O e-commerce platform. “Dada,” the local
on-demand logistics platform of New Dada, covers more than 300
major cities across China, with more than 2.5 million crowd-sourced
deliverers serving more than 500,000 merchants, reaching a peak
daily orders of more than 2 million. “JD Daojia,” New Dada’s
grocery O2O ecommerce platform, partners with over 30,000 local
merchants and provides on-demand grocery and pharmacy shopping and
delivery services in 18 cities, including Beijing, Shanghai and
Guangzhou, with more than 25 million registered customers.
About Walmart:
Walmart Stores, Inc. (NYSE: WMT) helps people around the world
save money and live better – anytime and anywhere – in retail
stores, online, and through their mobile devices. Each week, nearly
260 million customers and members visit our 11,539 stores under 63
banners in 28 countries and e-commerce websites in 11 countries.
With fiscal year 2016 revenue of $482 billion, Walmart employs more
than 2.3 million associates worldwide. Walmart continues to be a
leader in sustainability, corporate philanthropy and employment
opportunity. Additional information about Walmart can be found by
visiting http://corporate.walmart.com on Facebook at
http://facebook.com/walmart and on Twitter at
http://twitter.com/walmart. Online merchandise sales are available
at http://www.walmart.com and http://www.samsclub.com.
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Walmart Stores, Inc.Jo Warner,
800-331-0085http://news.walmart.com/reporter
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