JD, a technology driven e-commerce company, agreed to invest $800m in Dada Group, a local on-demand delivery and retail platform. "We are excited to further deepen strategic cooperations with JD.com. Leveraging JD's devoted strategic support, we will better fulfill demands for local on-demand retail and its delivery on JD, covering various scenarios and categories, and expand our omni-channel cooperation with JD. Together with JD, we will continue to provide consumers with superior experience, empower retail and brand partners and achieve a win-win cooperation for all," Philip Kuai, Dada Group Chairman and CEO.