JD.com invests US$800 million in last-mile delivery service to fill a gap in its community group buying strategy

//JD.com invests US$800 million in last-mile delivery service to fill a gap in its community group buying strategy

JD.com invests US$800 million in last-mile delivery service to fill a gap in its community group buying strategy

JD.com will invest US$800 million in Dada Nexus, the operator of rapid delivery service JD Daojia, in the latest move by the Chinese e-commerce giant to establish a stronghold in the burgeoning community group buying sector ahead of a public listing of its JD Logistics unit in Hong Kong.JD.com founder Richard Liu Qiangdong is leading a newly-established community group buying business, according to Chinese media, and this latest move shows the strategic importance of a sector that has become a…

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By | 2021-03-23T12:00:15+00:00 March 23rd, 2021|Business|Comments Off on JD.com invests US$800 million in last-mile delivery service to fill a gap in its community group buying strategy