Workers at a restaurant pack vegetables before delivering them to residents in a nearby residential compound in Beijing. Photo: AFP Workers at a restaurant pack vegetables before delivering them to residents in a nearby residential compound in Beijing. Photo: AFP
Workers at a restaurant pack vegetables before delivering them to residents in a nearby residential compound in Beijing. Photo: AFP

Tencent-backed grocery start-up Missfresh closes in on US$500 million fundraising as Covid-19 boosts demand

  • The company, founded in 2014, has more than 1,500 mini-warehouses that promise deliveries as fast as within an hour
  • The Chinese online fresh foods sector could reach US$178 billion by 2025

Topic |   Start-ups
Workers at a restaurant pack vegetables before delivering them to residents in a nearby residential compound in Beijing. Photo: AFP Workers at a restaurant pack vegetables before delivering them to residents in a nearby residential compound in Beijing. Photo: AFP
Workers at a restaurant pack vegetables before delivering them to residents in a nearby residential compound in Beijing. Photo: AFP
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