Flash ReportOnline Supermarket Joint Venture Dada-JD Daojia Considering $500 Million US IPO in May 2020 Coresight Research August 18, 2019 Executive SummaryChinese online grocer Dada-JD Daojia is reportedly in talks with bankers to raise around $500 million in a US IPO in May 2020, according to an article published by The Information. The talks are in early stages, and the venture has not made a decision on the amount it intends to raise or whether to list on the NASDAQ or the New York Stock Exchange, according to the article. Dada-JD Daojia was created in 2016 through the merger of JD.com’s supermarket business and crowdsourcing delivery service Dada Nexus, with a 10% stake owned by Walmart. The venture provides a one-hour professional delivery service for more than 74 million users, working with more than 5,000 retailers including Walmart, Carrefour, Vanguard, Yonghui supermarket and Watsons. Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: Sentiment Hits Four-Month Low as Higher-Income Confidence Weakens; Plus, Mass Merchandisers and Warehouse Clubs in Focus: US Consumer Survey InsightsRetail Trends and Shopper Traffic Update, Q4: Early Findings & Strategic OutlookConfidence and Couture—Consumer Sentiment Ticks Up, Gucci Leads in Luxury: US Consumer Survey InsightsRetail Crime and Shrink: US Shoppers Concerned About Theft Pushing Up Prices; Shoplifting Surges to Record Levels in England
