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(Yicai Global) Nov. 1 -- Chinese online fresh food store is expanding its market to second- and third-tier cities with tech partners, such as JD.Com and Tencent Holdings.
Dada-JD Daojia is also expanding its goods selection to medicine, cosmetics, and maternal products, the Shanghai-based firm said in the 2018 China Retail Omni-channel Integration & Development report. The company, together with its partners JD.Com, Walmart, and Tencent Holdings jointly released the report yesterday.
Walmart has launched over 200 stores on Dada-JD Daojia, and helped to build a cloud platform to integrate warehousing and distribution.JD.Com provides the grocer with logistics and big data services.Regional retailers can use Tencent's payment tools, including facial recognition.
Founded in 2014, Dada-JD Daojia now covers over 450 major cities across China with over 60 million registered users. The company has received a total financing of USD1.3 billion.
Editor: Emmi Laine