SECOND TAKE
THE WALL STREET JOURNAL: Chinese online grocers eye US listings
09 June 2021 - 19:17
Selling groceries online has become hot in China. The cash necessary to succeed may keep investors cool, though.
Chinese online grocery companies MissFresh and Dingdong Maicai both filed to list in the US on Tuesday. The two companies deliver fresh food and other household supplies to customers in China’s bigger cities within an hour of orders being placed. MissFresh is backed by Tencent, while Dingdong counts SoftBank among its investors...
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