MissFresh Ltd. ADR

MissFresh Ltd. ADR is an online and offline integrated retailer. The company uses a digital platform, mini-warehouse networks, and vending machines to distribute its food products. MissFresh was founded in 2014. This organisation operates locally and is headquartered in Beijing, China. As a leader in China’s neighbourhood retail market, MissFresh initiated distributed mini-warehouse networks (DMWs). The company uses these networks and its digital platform to sell fresh produce and fast-moving consumer goods. The fresh produce includes products such as meat, vegetables and fruit, eggs, and seafood. The fast-moving consumer goods include foodstuffs such as oils, wines, fast foods, and snacks. Customers place orders through the MissFresh mobile application and mini programme offered on third-party social platforms. On average, the company delivers orders within 39 minutes. The MissFresh initiatives enable supermarkets, fresh food markets, and other retailers to digitise their business via omnichannel marketing, supply chain management, and delivery functions. MissFresh launched its IPO on 25 June 2021. The company sold 21 million of its American depositary shares (ADS) and raised $273 million. A single ADS equals three Class B ordinary shares and sold for $13 each. The company uses the MF stock ticker on the NASDAQ. Learn more about MF price values and add this stock to your eToro watchlist.