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The Latest Breaking News from Missfresh

Online Grocer Dingdong Posts First-Ever Quarterly Profit After Slashing Costs

The turn to profitability also comes with the demise of former archrival Missfresh, which in July shuttered its mainstay instant-delivery retail business

Caixin Global · Feb 15, 2023

Embattled Online Grocery Missfresh Faces Debt Claims in 1,400 Lawsuits

Former employers and suppliers demand $115 million, and the company has only 55 employees left, according to belated 2021 annual report

Caixin Global · Nov 15, 2022

A Year After Splashy IPO, Missfresh Looks Well Past Its 'Sell Date'

Key Takeaways: Missfresh announced a major reshuffle of its top ranks, including the resignation of both of its co-CFOs, one of whom was also among three board members to resign The changes came as the company faces a cash crunch caused by swelling losses, big debt and massive back wages…

Benzinga · Sep 14, 2022

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So, Who Is Going To Win The Chinese Lockdown Story? We've Both UK And US Evidence To Look At

Coronavirus has affected different countries at different times, different variants flowing through populations and so on. Different government have taken different approaches as well. We though are interested in the Jerry Maguire point: "Show me the money".

Benzinga · May 27, 2022

Dingdong, Missfresh Surge on Booming Business During Covid Lockdowns

Key Takeaways: Investors may be growing more bullish on Dingdong and Missfresh as recent Covid-related lockdowns drive more consumers to buy groceries online Both companies trade at relatively low valuations, even after big stock gains this week, as analysts remain bullish on the pair By Doug Young

Benzinga · Apr 6, 2022

Missfresh Arranges For $300M Funding Via Standby Equity Purchase Agreement

Missfresh Ltd (NASDAQ:MF) has entered into a Standby Equity Purchase Agreement (SEPA) with YA II PN LTD, a Cayman Islands exempt limited partnership managed by Yorkville Advisor Global LP. Missfresh will sell up to $300 million of Class B ordinary shares at any time, based on its funding requirement, during the 36 months…

Benzinga · Mar 7, 2022

Dingdong Slows Down Spending, Dangles Prospect Of Profits

Key Takeaways: Dingdong’s revenue growth slowed to 72% in the fourth quarter, down from 111% and 78% in the third and second quarters, respectively Leading online grocer also reined in its spending, helping pare its quarterly net loss by 12% as it talked of profitability ‘soon’. By Doug Young

Benzinga · Feb 16, 2022

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Missfresh Tries To Tempt Investors With Value-Added Offerings

Key takeaways: • Missfresh has launched a series of value-added initiatives in its bid to achieve profitability by selling more higher-margin products outside its core online grocery business • Company’s stock is down more than 70% since its debut in the U.S. last June

Benzinga · Jan 28, 2022

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