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Below are the latest news stories about MISSFRESH LTD that investors may wish to consider to help them evaluate MF as an investment opportunity.
BEIJING, Sept. 09, 2022 (GLOBE NEWSWIRE) -- Missfresh Limited (“Missfresh” or the “Company”) (NASDAQ: MF), an innovator in China’s neighborhood retail industry, today announced the following changes in the Company’s board composition and management team: Mr. Hansong Zhu resigned from his positions as an independent director of the Company, the chairperson of the audit committee of the Company, the chairperson of the compensation committee of the Company and a member of the nominating and corpora
Hello, this is Ting-Fang from Taipei, where a Taiwanese tech industry contact’s recent adventure in China has been on my mind. It’s a stark illustration of how China’s hardline “zero-Covid” policy is hitting business operations — and leading some companies to switch production elsewhere. The executive told me how he first needed to get through 10 full days of quarantine in Beijing, one of only four cities in China that has maintained direct flights to Taipei during the pandemic.
A Beijing consumer rights group said on Tuesday it had asked Missfresh to work on plans to refund its customers and explain how it will rectify its business after receiving a number of complaints, adding to pressures facing the Tencent Holdings and Tiger Global-backed grocery startup. The government-backed Beijing Consumer Association said in a statement on its website on Tuesday that a large number of Missfresh customers had complained about the platform's "abnormal operations". Missfresh did not immediately respond to a request for comment.
The country’s once hot grocery-delivery sector has cooled after continuous losses, a regulatory clampdown and a slowing economy.
Delivery firm Missfresh collapses as another Nasdaq-listed Chinese firm falls prey to weakening economy
Nasdaq-listed retailer Missfresh , one of the new faces of Chinaʼs e-commerce sector, collapsed on Thursday with a dramatic announcement that it was dismissing most of its employees and leaving hundreds of suppliers unpaid. The meltdown of Missfresh, which has raised at least US$2 billion from big-name investors including Tencent Holdings and Tiger Global, is another cautionary tale for investing in China-focused internet services, as the world's No 2 economy quickly loses momentum with Beijing'
BEIJING, July 28, 2022 (GLOBE NEWSWIRE) -- Missfresh Limited (“Missfresh” or the “Company”) (NASDAQ: MF), an innovator and leader in China’s neighborhood retail industry, today announced that it has adopted significant adjustments to its business strategy. As announced on July 14, 2022, the Company entered into a strategic investment agreement with Shanxi Donghui Group (“Shanxi Donghui”), pursuant to which Shanxi Donghui agrees to make an RMB200 million equity investment in Missfresh. As of toda
(Bloomberg) -- Investors are learning that online advertising stocks may be just as vulnerable as old-school media companies amid a looming potential economic downturn.Most Read from BloombergWho Is Nicole Shanahan, Woman at Center of Musk-Brin Drama?Trump Is Plotting to Blow Up the ConstitutionShallow Recession Calls Are ‘Totally Delusional,’ Roubini WarnsChina’s Gen Z Is Dejected, Underemployed and Slowing the EconomySergey Brin Ordered Sale of Musk Investments After Affair: WSJConcerns over t
(Bloomberg) -- Missfresh Ltd. is weighing selling stakes in a unit that offers services to fresh produce sellers including business consultation and setting up online stores, according to people familiar with the matter, as the struggling firm looks for a lifeline.Most Read from BloombergWho Is Nicole Shanahan, Woman at Center of Musk-Brin Drama?Sergey Brin Ordered Sale of Musk Investments After Affair: WSJFed to Inflict More Pain on Economy as It Readies Big Rate HikeChina’s Gen Z Is Dejected,
BEIJING, July 14, 2022 (GLOBE NEWSWIRE) -- Missfresh Limited (“Missfresh” or the “Company”) (NASDAQ: MF), an innovator and leader in China’s neighborhood retail industry, today announced it has formed a strategic partnership with Shanxi Donghui Group (“Shanxi Donghui”), a multinational conglomerate with diversified businesses including energy, nonferrous metals, cultural tourism and modern agriculture. Pursuant to the strategic investment agreement dated as of July 14, 2022 (the “Agreement”), Sh