missfresh Archives

Missfresh Raises $27M in New Financing, Stock Price Surges 100%

Missfresh secures $27 million in new financing, with stock price surging over 100%.

Bankruptcy-Haunted Missfresh Empties Products and User Balance in App

All product information on the app of Missfresh, a Nasdaq-listed Chinese retailer, has been emptied out by the firm, and many user balances now display '0'.

Embattled Missfresh Conducts Business Restructuring Plan

Xu Zheng, the founder of Chinese fresh grocery e-commerce company Missfresh, which is caught up in a mounting capital crisis, has said that the firm is now intensively pushing forward a business restructuring plan.

Missfresh’s Bianligou Business Acquired for 30M Yuan

Bianligou, a vending machine business owned by Chinese grocery delivery startup Missfresh, has been acquired by Shenzhen Daily Convenience Technology Co., Ltd.

Beijing Consumers Association Interviews Missfresh

The Beijing Consumers Association had scheduled a meeting with Beijing-based grocery delivery platform Missfresh, regarding the recent situation that the company could not continue its normal operations and which caused many consumer complaints.

ByteDance’s Douyin Denies Rumors of Acquiring Missfresh

On August 4, the stock price of Nasdaq-listed retailer Missfresh rose rapidly before the close of trading, posting an increase of more than 160%, amid market rumors that ByteDance's Douyin is considering an acquisition.

Missfresh CEO Xu Zheng Refutes Funding Rumors

On August 2, Xu Zheng, founder and CEO of Missfresh, published a message on his personal social media account that denied rumors that Missfresh, a fresh food e-commerce platform, had a broken capital chain and was unable to operate.

Missfresh Responds to Rumors of Financing Failure and Company Dissolution

Regarding the rumors of dissolution, Missfresh responded on the afternoon of July 28 that under the larger goal of achieving profit, the company adjusted its business and organization.

Missfresh Responds to Closure of Rapid Delivery Services

The app of Chinese grocery e-commerce platform Missfresh now shows that its 30-minute delivery service has been replaced with next-day delivery in Beijing, Tianjin, and Shanghai.

Missfresh Considers Selling the Equity of Smart Fresh Market Business

Missfresh, a Chinese fresh food e-commerce platform, plans to sell part of its business of providing business consulting and online shop construction services for merchants of fresh agricultural products, so as to solve one of its operational dilemmas.

E-Commerce Platform Missfresh Completes Strategic Financing of $29M

Missfresh, a Chinese fresh food e-commerce platform, announced on Friday that it has reached a strategic investment cooperation agreement with Shanxi Donghui Group, which plans to invest equity worth 200 million yuan ($29.58 million).

Grocery E-Commerce Firm Missfresh Discloses Revenue Miscalculations

Missfresh, a grocery e-commerce platform based in China, recently identified certain transactions carried out by its Next-Day Delivery BU in 2021 that exhibited characteristics suggesting questionable transactions.

Missfresh Receives Minimum Bid Price Notice From Nasdaq

Missfresh had received a notice dated June 2 from the Nasdaq, claiming that the closing bid price of the company’s ADSs during the previous 30 business days was below the minimum $1.00 per share set forth in Nasdaq's listing rules.

China’s Leading Grocery Retail Platform Missfresh Declared a Judgement Debtor

Missfresh, a leading local fresh grocery platform, was listed as a judgment debtor by the Chaoyang District People's Court of Beijing, obliging it to pay about 5,329,500 yuan ($799,325) in fines.

Missfresh Joins Forces With ByteDance to Offer Livestream Grocery Shopping

Chinese fresh grocery e-commerce retailer Missfresh announced Thursday that it has entered into a strategic partnership with Ocean Engine and has expanded its presence on TikTok’s sister app for mainland China, Douyin.

Chinese E-Grocer Missfresh Bolsters Upstream Supply Chains Through Private Brands and Direct Sourcing

Missfresh is stepping up to improve profitability by developing in-house labels and expanding the scale of direct sourcing as the main problem China’s online grocery sector faces has changed from the last-mile logistics to the first-mile supply chain.

Missfresh Q3 Financial Report: Earnings Beat Guidance As GMV Rises to RMB2.57 Billion and Average Order Value Increases to Industry Highest of RMB88.4

Missfresh Limited, a leading neighborhood retail company in China, today announced its unaudited financial results for the third quarter ending September 30, 2021.