Consumers sheltering at home during the Covid-19 pandemic have reinvigorated a once-difficult online groceries market in China. Photo: ShutterstockConsumers sheltering at home during the Covid-19 pandemic have reinvigorated a once-difficult online groceries market in China. Photo: Shutterstock
Consumers sheltering at home during the Covid-19 pandemic have reinvigorated a once-difficult online groceries market in China. Photo: Shutterstock

CICC leads US$495 million funding for Tencent-backed online grocer MissFresh

  • The latest financing round for Beijing-based MissFresh was said to be on track to value the start-up at about US$3 billion
  • MissFresh competes in a cash-burning sector with deeper-pocketed companies including Alibaba and JD.com

Topic |   E-commerce
Consumers sheltering at home during the Covid-19 pandemic have reinvigorated a once-difficult online groceries market in China. Photo: ShutterstockConsumers sheltering at home during the Covid-19 pandemic have reinvigorated a once-difficult online groceries market in China. Photo: Shutterstock
Consumers sheltering at home during the Covid-19 pandemic have reinvigorated a once-difficult online groceries market in China. Photo: Shutterstock
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