CICC leads US$495 million funding for Tencent-backed online grocer MissFresh

Tencent Holdings-backed MissFresh closed US$495 million of financing from backers led by China International Capital Corp, underscoring strong investor interest in online commerce and groceries during the Covid-19 pandemic.The Beijing-based online grocer also attracted Goldman Sachs’ asset management arm, Tiger Global Management, the Industrial and Commercial Bank of China and Abu Dhabi Capital, as one of several online services that thrived during nationwide lockdowns.The financing round was…

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