Tencent-backed grocery delivery service Missfresh raises $495m

Tencent-backed grocery delivery service Missfresh raises $495m

Photo: Leonie Wise/Unsplash

Tencent-backed grocery delivery service Missfresh has pocketed $495 million in a new funding round led by CICC Capital, as China’s fresh produce e-commerce market enjoys a rising growth momentum during the coronavirus pandemic.