China grocery platform Dingdong Maicai raises $700m
DST Global and Coatue Management have led a $700 million Series D for China-based online fresh produce delivery business Dingdong Maicai. Existing investors including CMC Group re-upped.
The fresh capital will be used for geographic expansion, supply chain development, and team building. The company was established in 2014 and an online delivery platform was launched three years later....
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