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

Sep. 14, 2022 4:05 AM ETMissfresh Limited (MF)1 Comment
Bamboo Works profile picture
Bamboo Works


  • 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 owed to former employees.
  • If and when it does manage to get some much-needed funds, the company may also need to hit the reset button on its business model to show investors how it thinks it can become sustainably profitable at some point.

online shopping mobile app holding by a hand with blurred background of supermarket grocery on a mobile screen

chee gin tan

What a difference a year makes.

It was just over a year ago that Missfresh Ltd. (NASDAQ:NASDAQ:NASDAQ:MF) was a rising startup with a multibillion-dollar market value. Now, the pioneer of quick online grocery delivery services in

This article was written by

Bamboo Works profile picture
Profit on the recent rally for Chinese stocks at Bamboo Works(www.thebambooworks.com), the premium source for news about US-listed Chinese companies.Bamboo Works provides news on Chinese companies listed in the United States and Hong Kong, with a strong focus on mid-cap and also pre-IPO companies. Contact us at info@thebambooworks.com to learn about opportunities for sponsored content.

Recommended For You

Comments (1)

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.