JD.com is one of the biggest e-commerce and logistics company in China.

A Chinese online grocery delivery company Dada-JD Daojia said on Thursday it has raised $500 million from U.S. retailer Walmart and JD.com in its latest round of financing.

Dada-JD Daojia was formed from the merger of JD Daojia, which is JD.com's online-to-offline business, and Dada Nexus, a large crowd-sourcing delivery platform in China with operations in more than 400 major cities.

JD Daojia delivers goods from local supermarkets and other partners via a location-based smartphone app and has about 20 million monthly active users.

"By working with strong partners, and investing in digital capabilities, we will create easier and more convenient shopping experiences for customers," Wern-Yuen Tan, president and CEO of Walmart China, said in a statement.

Walmart first partnered with Dada-JD Daojia in 2016, according to the Chinese company.