According to techinasia.com, the company plans to use the investment to build its industrial park base and smart supply chain centre in Qingdao, a city in China’s eastern Shandong province.
Founded in 2014, Missfresh operates an ecommerce platform that provides fresh food – including fruits, vegetables, dairy products, meat, and beverages – through an integrated supply chain and network of mini-warehouses across the country.
Missfresh has also previously raised USD 495 million in July 2020 in a funding round from a fund under state-backed China International Capital Corporation, ICBC International Securities, Tencent, Abu Dhabi Capital Group, and Tiger Global, among others.
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