Online grocery retailers file IPOs in US
Two Chinese online grocery retailers have filed for IPOs in the US as they fight for more users and market share in a crowded market.
Tencent-backed MissFresh, which has filed for a NASDAQ listing, reported US$236 million in revenue in the first three months, with a net loss of 598 million yuan. It counted 8.7 million active users, with 21 percent of them making four or more purchases in a month.
The online grocery market became crowded after Alibaba and Meituan rushed to ride on the wave of daily deliveries of food and other necessities. They are competing aggressively to grab a slice of the fast-growing market.
Shanghai-headquartered Dingdong Maicai also filed for listing on the New York Stock Exchange after raising US$330 million last month. It claimed 6.9 million monthly active shoppers in the first quarter.
MissFresh reported an adjusted net loss of 598 million yuan while Dingdong had a net loss of 1.39 billion yuan in the first quarter.
Both sites have been relying on discounts to woo new buyers.
- About Us
- |
- Terms of Use
- |
-
RSS
- |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔$粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.