JD.com to invest $800m for 51% stake in on-demand delivery platform Dada Group

JD.com to invest $800m for 51% stake in on-demand delivery platform Dada Group

Dada Nexus Limited, a local on-demand retail and delivery platform backed by Chinese e-commerce giant JD Group

China’s JD.Com said on Monday it would invest $800 million in on-demand delivery platform Dada Group, following which the e-commerce firm will own about 51% of Dada.

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