Showing 12 of 26 posts with this tag
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.
Chinese on-demand delivery and retail platform Dada Group on Tuesday reported a 52% jump in first quarter revenue from a year earlier, as the company tries to expand its network to the country’s lower-tier cities and rural areas.
People in China shop online for nearly everything. To expand the market size, China saw new opportunities in the community group buying segment.
Alibaba's grocery chain Freshippo is reportedly seeking to raise funds at a valuation of about $6 billion, much lower than a hoped-for valuation of up to $10 billion earlier this year.
Starting this month, consumers in China can access products sold by online grocery startup Missfresh on JD Daojia, a subsidiary of Dada Group.
Hou Yi, the CEO of Alibaba-owned supermarket chain Freshippo, is currently on a trip to Europe to study local market conditions, including stops in France, Germany, Switzerland, and the UK. While traveling, Hou posted some of his feelings on Toutiao, a popular Chinese news and information platform.
Chinese e-commerce and grocery platform Pinduoduo has reported expectations-beating first-quarter results, backed by a 31% year-on-year increase in annual active buyers to 823.8 million.
With several top players withdrawing from the competition, the bloated market is entering a new phase of consolidation.
On May 15, it was reported that Meituan Youxuan, the community e-commerce business unit, will begin a new round of adjustments recently.
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.
Merchants are flocking in record numbers to Pinduoduo, the largest platform for agricultural produce in China.
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.