The fresh produce delivery platform could hand exits to Lenovo and Tencent in a US offering with a reported target of up to $1bn.

MissFresh, a China-based online grocer backed by electronics manufacturer Lenovo and internet company Tencent, filed on Tuesday for an initial public offering on the Nasdaq Stock Market.

The company has a $100m placeholder target for the offering but is looking to raise between $500m and $1bn, according to an IPO Zaozhidao report in April this year.

Founded in 2014, MissFresh provides an online marketplace that lists fresh ingredients and delivers them to customers’ homes within 30 minutes. It…

Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.