Walmart Invests $50 Million In Same-Day Chinese E-Commerce Delivery

Walmart’s latest salvo against e-Commerce titan Alibaba is a $50 million strategic investment in New Dada. The company is China’s largest local on-demand logistics and grocery online-to-offline (O2O) e-Commerce platform.  Walmart’s investment is an extension of its broader agreement with JD.com and cooperation with New Dada, which includes using New Dada’s network to offer customers … Continue reading Walmart Invests $50 Million In Same-Day Chinese E-Commerce Delivery