News Snapshot:
Home Business Goldman, Tencent-backed Missfresh banks $306m from Chinese state-linked funds Goldman, Tencent-backed Missfresh banks $306m from Chinese state-linked funds December 14, 2020 Chinese e-grocery startup Missfresh has raised ¥2 billion ($306 million) in a funding round co-led by several government-affiliated investment entities, according to local press reports. Qingdao Gouxin and Qingdao Municipality Guidance Fund, both affiliated with the government of the northeastern port city of Qingdao, invested in the online grocer alongside Sunshine Venture Capital — which is linked to the government of the city’s Chengyang District — and other undisclosed investors. At least part of the funding will...
