Delivery firm Missfresh collapses as another Nasdaq-listed Chinese firm falls prey to weakening economy
The Tencent-backed on-demand delivery company abruptly announced upon Thursday that it had run out of money, dismissing workers and leaving suppliers unpaid. Missfresh blamed a coal miner regarding failing to come via on a promised investment, but China’s Covid-19 restrictions have harm delivery operations and consumer spending. Read full story Continue Reading