Chinese Online Grocery Startups Bulk Up To Fight Bigger Players - Nikkei Asia

by asia.nikkei.com posted 1month ago 1 views
HONG KONG -- Chinese online grocery startups Missfresh and Dingdong Maicai are headed to Wall Street to boost their firepower to fend off big tech rivals in an intensifying battle over the country's vast fresh produce market. Both companies filed applications for initial public offerings in the U.S. earlier this month, racing to become the sector's first listed Chinese company. Dingdong aims to raise up to $357 million at a valuation of about $6 billion, according to its prospectus.

In this article

No tags related to this article.