Announced
Completed
Financials
Sources
Tags
Single Bidder
Cross Border
Venture Capital
Completed
e-commerce
Acquisition
e-grocery market
Private Equity
China
Minority
grocery delivery
Private
E-commerce
Friendly
Synopsis
CICC, one of China's leading investment banking firms, led a $495m funding round in MissFresh, a Chinese e-grocer, with participation from Goldman Sachs, Tencent, Tiger Global, ICBC and Abu Dhabi Capital Group. MissFresh chief financial officer Wang Jun said in a WeChat post that the new funds will be deployed to enhance the company’s “smart chain” technology — including its intelligent warehouse replenishment system — and broader supply chain capabilities.
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