The joint venture, Dada-JD Daojia, last year raised $500 million from Walmart Inc and JD.

The talks are still in early stages, and the amount the company hopes to raise as well as the timing of the stock market offering could change, the report said, citing two people familiar with the matter. (https://bit.ly/2yZfSeb)

JD and Walmart did not immediately respond to requests for comment.

JD reported better-than-expected second-quarter revenue on Tuesday, boosted by stronger sales in its online retail business.

(Reporting by Neha Malara in Bengaluru; Editing by Saumyadeb Chakrabarty)