State-backed investors have provided late-stage funding for the online groceries delivery service, which is backed by Lenovo and Tencent.

MissFresh, a China-based online grocer that counts internet group Tencent and consumer electronics manufacturer Lenovo among its investors, has secured RMB2bn ($306m) in new funding, DealStreetAsia reported yesterday.

The capital was supplied by a consortium featuring Qingdao Guoxin Group, an investment firm owned by the municipal government of the city of Qingdao, and Sunshine Innovation Investment Centre, which focuses on the Chengyang district of Qingdao.

Founded in 2014, MissFresh runs an online platform that sells fresh fruit and vegetables, dairy…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.
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