New Dada Archives - Inside Retail Asia

Surprise profit upswing

An unexpected profit upswing has marked the third quarter for China’s largest retailer. second-quarter revenues rise 43 per cent second-quarter net revenues grew by 43.6 per cent, reaching RMB93.2 billion.

Wal-Mart Stores boosts stake

Wal-Mart Stores has further increased its stake in China’s second-largest eCommerce firm

Wal-Mart Stores investing $50m in New Dada

Wal-Mart Stores Inc says it will invest $50 million in Chinese online grocery and delivery firm New Dada.