|Bid||0.1626 x 800|
|Ask||0.1680 x 1300|
|Day's Range||0.1607 - 0.1750|
|52 Week Range||0.0860 - 5.5000|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 12, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||7.94|
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A Beijing consumer rights group said on Tuesday it had asked Missfresh to work on plans to refund its customers and explain how it will rectify its business after receiving a number of complaints, adding to pressures facing the Tencent Holdings and Tiger Global-backed grocery startup. The government-backed Beijing Consumer Association said in a statement on its website on Tuesday that a large number of Missfresh customers had complained about the platform's "abnormal operations". Missfresh did not immediately respond to a request for comment.
The country’s once hot grocery-delivery sector has cooled after continuous losses, a regulatory clampdown and a slowing economy.
Nasdaq-listed retailer Missfresh , one of the new faces of Chinaʼs e-commerce sector, collapsed on Thursday with a dramatic announcement that it was dismissing most of its employees and leaving hundreds of suppliers unpaid. The meltdown of Missfresh, which has raised at least US$2 billion from big-name investors including Tencent Holdings and Tiger Global, is another cautionary tale for investing in China-focused internet services, as the world's No 2 economy quickly loses momentum with Beijing'