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481 Articles
[Press Release] IFG Implores Chinese Retailers To Cease Selling Unauthorized GrapesThe major fruit breeder IFG has released a statement asking Chinese retailers to stop selling unauthorized versions of its proprietary table grape varieties. September 26, 2022
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Fruitday Marks 6 Years of China Sales Growth for Australian Dolci OrangesIn China, Dolci oranges are called “Australian chocolate oranges” because of their brown tinge. September 07, 2022
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Amid Continuing Difficulties, Yonghui Closes Flagship Fuzhou StoresAmid ongoing financial troubles, Yonghui Superstores has closed down its flagship Fuzhou stores. September 05, 2022
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MissFresh Announces Temporary Shutdown of Its On-Demand ServiceUnder considerable financial strain, MissFresh has temporarily shut down its on-demand service. The company’s share price has plunged by 65% over the last week. August 02, 2022
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COVID-19 Headwinds Lead Freshippo To Cut ValuationChinese supermarket chain Freshippo has cut its fundraising valuation from $10 billion to $6 billion, driven by COVID-19 restrictions such as the recent Shanghai lockdown. July 25, 2022
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MissFresh Announces 200 Million Yuan in Equity FinancingNot long after MissFresh ceased its operations in nine cities owing to financial issues, the company has secured equity funding from the Shanxi Donghui Group. July 19, 2022
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[Press Release] Ramboos Season Sprouts at Goldenberry FarmsGoldenberry Farms has unveiled its new Ramboos line of branded rambutans in North America. July 18, 2022
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After Posting Record Losses, MissFresh Ceases Operations in 9 CitiesWith net losses of over $1.5 billion in the past four years, MissFresh has now closed its operations in nine cities. July 14, 2022
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New Round of Layoffs at Hema FreshHema Fresh has begun a new round of layoffs, as the Shenzhen branch is fined for breaching pesticide residue standards. June 30, 2022
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With Crisis Looming, Grocery Delivery Service Dingdong Maicai Scales BackDingdong Maicai is reducing its service in some smaller Chinese cities, apparently in a move toward profitability as the company faces delisting from the New York Stock Exchange. June 14, 2022
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