JD.Com To Invest In DST-Backed Dada, Plans Merger With JD Daojia

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Chinese e-commerce firm JD.com Inc has agreed to merge its O2O (online-to-offline) unit with Dada Nexus Ltd., a Shanghai-based Uber-like mobile app that focuses on providing last mile logistics services, to form a new company to compete with competitors including 58 Daojia, the O2O local services firm launched by 58.com Inc.

China Money Network

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