The announcement on Friday is to extend its tie-ups with local online players to help boost sales in the world's second-largest economy.

Wal-Mart shifted its China strategy earlier this year when it sold its own online platform Yihaodian in exchange for a stake in local e-commerce giant JD.com Inc.



New Dada is a joint venture part-owned by JD.com.

The investment in New Dada will help Wal-Mart target Chinese shoppers with faster delivery times in a popular but fiercely competitive online grocery market.



New Dada has over 25 million registered customers and delivers in over 300 Chinese cities.