Chinese grocery apps risk spoiling early - Reuters

8:47pm PDT - June 27th, 2021    didi stock - Reuters

The online grocery party in China is already going bad. Missfresh (MF.O) shares plunged 26% on their New York debut, a worrying sign for rival Dingdong Maicai’s (DDL.N) upcoming listing. Price wars and logistics costs have crushed margins and e-commerce giant…