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 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
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
Business /  Banking & Finance

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

Topic |   Banking & Finance
Georgina Lee
Georgina Lee

Updated: 4:30pm, 23 Jun, 2021

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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 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
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
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