A delivery worker of Chinese online grocery Dingdong Maicai is seen in Shanghai. The company is preparing to list on the New York Stock Exchange. Photo: Reuters
Chinese grocery platforms Missfresh, Dingdong scale down US IPO fundraising targets amid investor concerns about growth outlook
- Missfresh and Dingdong Maicai plan to raise over US$300 million each from their IPOs, some 40 per cent lower than their initial targets
- Investors hold mixed views about growth outlook for Chinese on-demand delivery platforms as competition remains intense
A delivery worker of Chinese online grocery Dingdong Maicai is seen in Shanghai. The company is preparing to list on the New York Stock Exchange. Photo: Reuters
