News Snapshot:
Tencent, Goldman Sachs pump $495m into Chinese e-grocer MissFresh July 23, 2020 Jack Ellis Chinese e-grocer MissFresh has raised $495 million in a funding round led by a unit of investment bank CICC . Also participating in the round were existing MissFresh investors Goldman Sachs , Tencent , and Tiger Global , alongside new backers including banking giant ICBC , investment manager Abu Dhabi Capital Group , and funds affiliated with the municipal governments of the cities of Suzhou and Changshu. Instead of relying on a handful of cavernous mega-warehouses à la Amazon , the startup has built a network...
