Caixin
Aug 02, 2022 06:39 PM
BUSINESS

Chinese Online Grocer Missfresh Denies It Is Liquidating

What’s new: Nasdaq-listed fresh food delivery platform Missfresh Ltd. has denied that it will liquidate and refund customers and suppliers, after the firm stopped paying most of its staff and shuttered its core instant-delivery retail business last week.

On Monday, a notice circulated online saying Missfresh did not have enough cash to continue operating but would liquidate assets and repay liabilities before closing shop. It appeared to be signed by Missfresh, but the company told Caixin that it had not issued the notice and that some of its businesses continued to operate.

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