Showing 4 of 4 posts with this tag
With several top players withdrawing from the competition, the bloated market is entering a new phase of consolidation.
Chinese grocery platform Dingdong Maicai raised $330 million in a Series D+ round of financing led by the SoftBank Vision Fund, according to investor and advisor Cygnus Equity, as the startup continues its expansion in the crowded fresh food delivery market.
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.
Dingdong Maicai and MissFresh, leading players in China’s burgeoning fresh food delivery arena, filed for US listings on Tuesday, racing to become the first publicly-traded Chinese online grocery platform.