Flash Report 2 minutesRegister for Free AccessOnline 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? Register for a free user account. This document was generated for Other research you may be interested in: Weekly US and UK Store Openings and Closures Tracker 2024, Week 3: Greggs To Open 140 Stores in the UKChina Consumer Tracker: Avoidance Up, Activity DownShoptalk 2023 Wrap-Up: Exploring the Top Five Trends Driving Innovation in RetailWeinswig’s Weekly: Three Trends About the US Return to Office You Don’t Already Know