(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