The Tencent and Lenovo-backed grocery e-commerce platform has closed its latest round, shortly after reports suggesting it was lining up $500m.
MissFresh, the China-based online grocer backed by internet group Tencent, has closed a funding round of undisclosed size at a valuation in excess of $3bn, 36Kr has reported.
The round included CICC Fund, a subsidiary of investment manager China International Capital Corporation.
News of the round’s completion came shortly after Bloomberg reported MissFresh had agreed $300m in dollar-denominated funding and between RMB1bn and RMB1.5bn ($140m to $210m) in renminbi-denominated investment, with a third tranche yet to be closed.
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