News Snapshot:
Missfresh , a Chinese online grocery startup, announced that it has raised 2 billion yuan (US$305.6 million) in strategic investment from a Qingdao government-guided consortium. Photo credit: Missfresh Founded in 2014, Missfresh operates an ecommerce platform that provides fresh food – including fruits, vegetables, dairy products, meat, and beverages – through an integrated supply chain and network of mini-warehouses across the country. With the investment, the company plans to build its industrial park base and smart supply chain center in Qingdao, a city in China’s eastern Shandong province. The investment comes just five months after Missfresh raised US$495 million in...
