These products will be showcased at Bangladesh missions abroad, airports, and key locations nationwide, industries ministry minister says
Wal-Mart to invest $50 million in China online grocer New Dada
Wal-Mart Stores Inc will invest $50 million in Chinese online grocery and delivery firm New Dada, the US retailer has said.
Published : 21 Oct 2016, 04:21 AM
Updated : 21 Oct 2016, 04:21 AM
The announcement on Friday is to extend its tie-ups with local online players to help boost sales in the world's second-largest economy.
Wal-Mart shifted its China strategy earlier this year when it sold its own online platform Yihaodian in exchange for a stake in local e-commerce giant JD.com Inc.
New Dada is a joint venture part-owned by JD.com.
The investment in New Dada will help Wal-Mart target Chinese shoppers with faster delivery times in a popular but fiercely competitive online grocery market.
New Dada has over 25 million registered customers and delivers in over 300 Chinese cities.
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