Dingdong Maicai raises $700m for expansion
Dingdong Maicai raises $700m for expansion By CHENG YU | China Daily | Updated: 2021-04-07 07:57 Share An employee of online grocery platform Dingdong Maicai packs vegetables in Shanghai. [Photo/Xinhua] Chinese online grocery platform Dingdong Maicai has raised $700 million in its latest round of financing from a group of investors, further raising the stakes in the country's online grocery sector, which has seen diversified development despite the COVID-19 pandemic. Led by DST Global and Coatue, the new fundraising attracted over 15 investor...
Source: chinadaily.com.cn