China’s e-commerce company aims to raise $500 million in a stock market listing for its online grocery and delivery joint venture. is in talks with bankers to list shares of the joint venture, Chinese online crowdsourcing logistics portal operator Dada-JD Daojia, in the U.S.

The company's net revenue for the second quarter of 2019 reached $21.9 billion, increasing by 22.9 percent from the same period last year.

In 2018, Dada-JD Daojia had received $500 million in financing from U.S. retailing major Walmart Inc. and