Alibaba's grocery chain Freshippo is reportedly seeking to raise funds at a valuation of about $6 billion, much lower than a hoped-for valuation of up to $10 billion earlier this year.
Recently, a probationary Freshippo employee was dismissed from the company for leaking his salary which the company viewed as disclosure of commercial secrets while the employee disagreed with the allegation.
Alibaba Group's grocery chain Freshippo is considering raising funds at a valuation of $10 billion.
A-Bite Technology, founded by former chairman of Luckin Coffee Charles Lu, is incubating a new precooked dishes project called “A-Bite Workshop.”
Local market regulators in Xi'an, the capital of Northwest China's Shaanxi Province, have summoned more than 20 e-commerce and online food delivery platforms, including JD.com, Meituan and Freshippo.
Alibaba’s fresh food chain Freshippo has shut 21 of its Shenzhen stores to disinfect stores and perform nucleic acid tests for all employees and products.
The plant-based burger company Beyond Meat, Inc. said on Tuesday that it would debut retail sales of its products in mainland China in partnership with Alibaba’s Freshippo supermarkets.