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A Walmart storefront in China. Photo: Zhang Peng/LightRocket via Getty Images

Walmart and Chinese e-commerce giant JD.com are investing $500 million in Dada-JD Daojia, a Chinese online grocery delivery company, reports CNBC.

The big picture: American companies have had varied success in the Chinese market, which favors its domestic champions, but some U.S. firms are increasing their presence there by teaming up with established Chinese companies. Google has invested $550 million in JD — and now Walmart is expanding its partnership with the company as well.

The backdrop:

  • Though the Chinese e-commerce business has exploded in recent years, the majority of consumers there still shop in stores.
  • China's retail giants are putting money toward blending brick-and-mortar and e-commerce experiences by opening smart stores and offering super-fast grocery delivery.
  • Walmart and JD first partnered in 2016 on delivery, CNBC reports.
  • Dada-JD Daojia was formed in 2016 when JD Daojia, JD.com's app to order groceries delivered in under 30 minutes, merged with Dada Nexus, a crowd-sourced platform that supplies the people and scooters necessary to complete deliveries.

Worth noting: JD is Alibaba's most serious competitor in China, and both are picking up partnerships with iconic American brands. News of JD's new deal with Walmart comes a week after Alibaba announced a delivery partnership with Starbucks.

Go deeper

Updated 19 mins ago - Politics & Policy

Capitol review panel recommends more police, mobile fencing

Photo: Olivier Douliery/AFP via Getty Images

A panel appointed by Congress to review security measures at the Capitol is recommending several changes, including mobile fencing and a bigger Capitol police force, to safeguard the area after a riotous mob breached the building on Jan. 6.

Why it matters: Law enforcement officials have warned there could be new plots to attack the area and target lawmakers, including during a speech President Biden is expected to give to a joint session of Congress.

CDC says fully vaccinated people can take fewer precautions

Photo: Filip Filipovic/Getty Images

People who have been fully vaccinated against COVID-19 can take fewer precautions in certain situations, including socializing indoors without masks when in the company of low-risk or other vaccinated individuals, according to guidance from the Centers for Disease Control and Prevention released Monday.

Why it matters: Per the report, there's early evidence that suggests vaccinated people are less likely to have asymptomatic infection and are potentially less likely to transmit the virus to other people. At the time of its publication, the CDC said the guidance would apply to about 10% of Americans.

Dan Primack, author of Pro Rata
2 hours ago - Economy & Business

Ripple CEO calls for clearer crypto regulations following SEC lawsuit

Illustration: Sarah Grillo/Axios

Ripple CEO Brad Garlinghouse tells "Axios on HBO" that if his company loses a lawsuit brought by the SEC, it would put the U.S. cryptocurrency industry at a competitive disadvantage.

Why it matters: Garlinghouse's comments may seem self-serving, but his call for clearer crypto rules is consistent with longstanding entreaties from other industry players.