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Xingsheng raises USD 300 million while broader community group-buying craze wanes

The sector has lost momentum after hitting its peak in 2020, in part due to policies limiting the use of subsidies for user acquisition.

2 mins read
  • The curtailed target comes after lackluster investor interest in competitor MissFresh’s Nasdaq debut.

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    Dingdong Maicai downsizes US IPO by more than 70% after MissFresh flops

    1 min read

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