Startup Meicai’s CFO Departure Adds Uncertainty to IPO Plans

80
14
Favorite

Startup Meicai’s CFO Departure Adds Uncertainty to IPO Plans

Bloomberg2021-02-19

(Bloomberg) -- Meicai, a Chinese startup that connects vegetable farmers with restaurants, has recently lost its chief financial officer, casting uncertainty over its potential initial public offering...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment（14）

Juan81
·2021-08-04
Good information
Reply
Like
Report
MButterfly
·2021-06-15
Not a good sign during launch IPO.
Reply
Like
Report
lego
·2021-02-21
omg
Reply
Like
Report
CatherineL
·2021-02-21
Oh no
Reply
3
Report
Fold Replies
- McGreedy:
  like my comment pls
  2021-02-21
  Reply
  Report
Hb_
·2021-02-20
Good
Reply
2
Report
Zfnggg
·2021-02-20
h
Reply
Like
Report
Huathuathuat
·2021-02-19
Good
Reply
Like
Report
Fold Replies
- heyheyhey88:
  K
  2021-02-20
  Reply
  Report
T20211126001
·2021-02-19
Yes
Reply
2
Report
Deont
·2021-02-19
Buy the uncertainty
Reply
1
Report
ALi_BaBa
·2021-02-19
Hi
Reply
1
Report
Darrenong
·2021-02-19
En
Reply
4
Report
Fold Replies
- White Cat:
  en
  2021-02-19
  Reply
  Report
- ALi_BaBaReplying toWhite Cat:
  En
  2021-02-19
  Reply
  Report
- Darrenong:
  En
  2021-02-19
  Reply
  Report
Shadowlew
·2021-02-19
Looking forward
Reply
3
Report
Buylowlow
·2021-02-19
Ohhhh
Reply
4
Report
Kenny77
·2021-02-19
Oh no something fishy
Reply
5
Report

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/1149189859?lang=en_US&edition=fundamental","thumbnail":"https://static.tigerbbs.com/22fb0a544aa253b668379d9f58bbe5a9","is_english":true,"pubTime":"2021-02-19 11:17","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1149189859","market":"us","top_or_hot":-1,"title":"Startup Meicai’s CFO Departure Adds Uncertainty to IPO Plans","media":"Bloomberg","content":"<div>\n<p>(Bloomberg) -- Meicai, a Chinese startup that connects vegetable farmers with restaurants, has recently lost its chief financial officer, casting uncertainty over its potential initial public offering...</p>\n\n<a href=\"https://finance.yahoo.com/news/chinese-startup-meicai-cfo-departure-104107157.html\">Source Link</a>\n\n</div>\n","source":"lsy1584095487587","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Startup Meicai’s CFO Departure Adds Uncertainty to IPO Plans</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStartup Meicai’s CFO Departure Adds Uncertainty to IPO Plans\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-19 11:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/chinese-startup-meicai-cfo-departure-104107157.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Meicai, a Chinese startup that connects vegetable farmers with restaurants, has recently lost its chief financial officer, casting uncertainty over its potential initial public offering...</p>\n\n<a href=\"https://finance.yahoo.com/news/chinese-startup-meicai-cfo-departure-104107157.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://finance.yahoo.com/news/chinese-startup-meicai-cfo-departure-104107157.html","article_id":"1149189859","we_media_id":null,"thumbnails":["https://static.tigerbbs.com/22fb0a544aa253b668379d9f58bbe5a9"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1149189859","pubTimestamp":1613704641,"columns":[],"sourceInfo":{"source_id":"lsy1584095487587","name":"Bloomberg"},"weMediaInfo":null,"summary":"(Bloomberg) -- Meicai, a Chinese startup that connects vegetable farmers with restaurants, has recen","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"创业公司美菜首席财务官离职给IPO计划增添不确定性","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{},"content_text":"(Bloomberg) -- Meicai, a Chinese startup that connects vegetable farmers with restaurants, has recently lost its chief financial officer, casting uncertainty over its potential initial public offering.Wang Can, who was an executive director at Fosun International Ltd. and joined Meicai in July, left due to family reasons, the company said on Thursday. The Beijing-based startup is now looking for a new CFO, according to people familiar with the matter.Wang’s departure could potentially affect Meicai’s first-time share sale plans, which had been at an exploratory stage, the people said. The startup was considering raising about $300 million but hasn’t decided on a listing venue, said the people, who asked not to be identified as the information is private.A representative for Meicai said there’s no timeline for the company’s IPO.Meicai, which means “beautiful vegetable,” was founded in 2014 by rocket scientist Liu Chuanjun. Using a smartphone app, its customers can order produce such as bok choy and Sichuan peppercorns directly from farms, disrupting traditional wholesaling by cutting out middlemen. The company said it serviced more than 2 million restaurants in over 300 Chinese cities as of the end of 2020.The startup raised about $800 million in 2018 for a post-money valuation of $7 billion. Tiger Global Management, Hillhouse Capital, GGV Capital, Genesis Capital and CMC Capital Group are among its backers.Meicai is competing with Chinese food and grocery delivery startups that have attracted fresh capital as the coronavirus pandemic fueled demand with consumers taking shelter at home. Dingdong Maicai, a grocery app, is considering a U.S. IPO as soon as this year, Bloomberg News reported. Tencent Holdings Ltd. recently raised its stake in Chinese online grocery startup Xingsheng Youxuan, people familiar with the matter have said.Fresh-produce sourcing has also become a heated battlefield between startups like Meicai and on-demand services leader Meituan, which is counting on the segment to drive growth and anchor its food and restaurant management business. Meicai experimented with delivering fresh produce to retail clients’ doorsteps during the onset of the Covid-19 outbreak, but has since halted those operations to refocus on servicing restaurants.(Adds Tencent’s Xingsheng Youxuan investment in seventh paragraph.)","kind":"news","is_publish_news":false,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[{"id":807170771,"gmtCreate":1628013461693,"gmtModify":1703499653351,"author":{"id":"4091064922131810","authorId":"4091064922131810","name":"Juan81","avatar":"https://static.tigerbbs.com/e74975439438df228accc01fb7cea1da","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"4091064922131810","idStr":"4091064922131810"},"htmlText":"Good information&nbsp;","listText":"Good information&nbsp;","text":"Good information","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/807170771","repostId":1149189859,"repostType":4,"repost":{"id":"1149189859","kind":"news","pubTimestamp":1613704641,"share":"https://ttm.financial/m/news/1149189859?lang=&edition=fundamental","pubTime":"2021-02-19 11:17","market":"us","language":"en","title":"Startup Meicai’s CFO Departure Adds Uncertainty to IPO Plans","url":"https://stock-news.laohu8.com/highlight/detail?id=1149189859","media":"Bloomberg","summary":"(Bloomberg) -- Meicai, a Chinese startup that connects vegetable farmers with restaurants, has recen","content":"<p>(Bloomberg) -- Meicai, a Chinese startup that connects vegetable farmers with restaurants, has recently lost its chief financial officer, casting uncertainty over its potential initial public offering.</p><p>Wang Can, who was an executive director at Fosun International Ltd. and joined Meicai in July, left due to family reasons, the company said on Thursday. The Beijing-based startup is now looking for a new CFO, according to people familiar with the matter.</p><p>Wang’s departure could potentially affect Meicai’s first-time share sale plans, which had been at an exploratory stage, the people said. The startup was considering raising about $300 million but hasn’t decided on a listing venue, said the people, who asked not to be identified as the information is private.</p><p>A representative for Meicai said there’s no timeline for the company’s IPO.</p><p>Meicai, which means “beautiful vegetable,” was founded in 2014 by rocket scientist Liu Chuanjun. Using a smartphone app, its customers can order produce such as bok choy and Sichuan peppercorns directly from farms, disrupting traditional wholesaling by cutting out middlemen. The company said it serviced more than 2 million restaurants in over 300 Chinese cities as of the end of 2020.</p><p>The startup raised about $800 million in 2018 for a post-money valuation of $7 billion. Tiger Global Management, Hillhouse Capital, GGV Capital, Genesis Capital and CMC Capital Group are among its backers.</p><p>Meicai is competing with Chinese food and grocery delivery startups that have attracted fresh capital as the coronavirus pandemic fueled demand with consumers taking shelter at home. Dingdong Maicai, a grocery app, is considering a U.S. IPO as soon as this year, Bloomberg News reported. Tencent Holdings Ltd. recently raised its stake in Chinese online grocery startup Xingsheng Youxuan, people familiar with the matter have said.</p><p>Fresh-produce sourcing has also become a heated battlefield between startups like Meicai and on-demand services leader Meituan, which is counting on the segment to drive growth and anchor its food and restaurant management business. Meicai experimented with delivering fresh produce to retail clients’ doorsteps during the onset of the Covid-19 outbreak, but has since halted those operations to refocus on servicing restaurants.</p><p>(Adds Tencent’s Xingsheng Youxuan investment in seventh paragraph.)</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Startup Meicai’s CFO Departure Adds Uncertainty to IPO Plans</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStartup Meicai’s CFO Departure Adds Uncertainty to IPO Plans\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-19 11:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/chinese-startup-meicai-cfo-departure-104107157.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Meicai, a Chinese startup that connects vegetable farmers with restaurants, has recently lost its chief financial officer, casting uncertainty over its potential initial public offering...</p>\n\n<a href=\"https://finance.yahoo.com/news/chinese-startup-meicai-cfo-departure-104107157.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/22fb0a544aa253b668379d9f58bbe5a9","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/chinese-startup-meicai-cfo-departure-104107157.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1149189859","content_text":"(Bloomberg) -- Meicai, a Chinese startup that connects vegetable farmers with restaurants, has recently lost its chief financial officer, casting uncertainty over its potential initial public offering.Wang Can, who was an executive director at Fosun International Ltd. and joined Meicai in July, left due to family reasons, the company said on Thursday. The Beijing-based startup is now looking for a new CFO, according to people familiar with the matter.Wang’s departure could potentially affect Meicai’s first-time share sale plans, which had been at an exploratory stage, the people said. The startup was considering raising about $300 million but hasn’t decided on a listing venue, said the people, who asked not to be identified as the information is private.A representative for Meicai said there’s no timeline for the company’s IPO.Meicai, which means “beautiful vegetable,” was founded in 2014 by rocket scientist Liu Chuanjun. Using a smartphone app, its customers can order produce such as bok choy and Sichuan peppercorns directly from farms, disrupting traditional wholesaling by cutting out middlemen. The company said it serviced more than 2 million restaurants in over 300 Chinese cities as of the end of 2020.The startup raised about $800 million in 2018 for a post-money valuation of $7 billion. Tiger Global Management, Hillhouse Capital, GGV Capital, Genesis Capital and CMC Capital Group are among its backers.Meicai is competing with Chinese food and grocery delivery startups that have attracted fresh capital as the coronavirus pandemic fueled demand with consumers taking shelter at home. Dingdong Maicai, a grocery app, is considering a U.S. IPO as soon as this year, Bloomberg News reported. Tencent Holdings Ltd. recently raised its stake in Chinese online grocery startup Xingsheng Youxuan, people familiar with the matter have said.Fresh-produce sourcing has also become a heated battlefield between startups like Meicai and on-demand services leader Meituan, which is counting on the segment to drive growth and anchor its food and restaurant management business. Meicai experimented with delivering fresh produce to retail clients’ doorsteps during the onset of the Covid-19 outbreak, but has since halted those operations to refocus on servicing restaurants.(Adds Tencent’s Xingsheng Youxuan investment in seventh paragraph.)","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":187005229,"gmtCreate":1623728303161,"gmtModify":1704209759999,"author":{"id":"3581648180020847","authorId":"3581648180020847","name":"MButterfly","avatar":"https://static.tigerbbs.com/a7b2880cf85e0849e469598f6023de2d","vip":1,"crmLevel":2,"crmLevelSwitch":1,"authorIdStr":"3581648180020847","idStr":"3581648180020847"},"htmlText":"Not a good sign during launch IPO.","listText":"Not a good sign during launch IPO.","text":"Not a good sign during launch IPO.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/187005229","repostId":1149189859,"repostType":4,"repost":{"id":"1149189859","kind":"news","pubTimestamp":1613704641,"share":"https://ttm.financial/m/news/1149189859?lang=&edition=fundamental","pubTime":"2021-02-19 11:17","market":"us","language":"en","title":"Startup Meicai’s CFO Departure Adds Uncertainty to IPO Plans","url":"https://stock-news.laohu8.com/highlight/detail?id=1149189859","media":"Bloomberg","summary":"(Bloomberg) -- Meicai, a Chinese startup that connects vegetable farmers with restaurants, has recen","content":"<p>(Bloomberg) -- Meicai, a Chinese startup that connects vegetable farmers with restaurants, has recently lost its chief financial officer, casting uncertainty over its potential initial public offering.</p><p>Wang Can, who was an executive director at Fosun International Ltd. and joined Meicai in July, left due to family reasons, the company said on Thursday. The Beijing-based startup is now looking for a new CFO, according to people familiar with the matter.</p><p>Wang’s departure could potentially affect Meicai’s first-time share sale plans, which had been at an exploratory stage, the people said. The startup was considering raising about $300 million but hasn’t decided on a listing venue, said the people, who asked not to be identified as the information is private.</p><p>A representative for Meicai said there’s no timeline for the company’s IPO.</p><p>Meicai, which means “beautiful vegetable,” was founded in 2014 by rocket scientist Liu Chuanjun. Using a smartphone app, its customers can order produce such as bok choy and Sichuan peppercorns directly from farms, disrupting traditional wholesaling by cutting out middlemen. The company said it serviced more than 2 million restaurants in over 300 Chinese cities as of the end of 2020.</p><p>The startup raised about $800 million in 2018 for a post-money valuation of $7 billion. Tiger Global Management, Hillhouse Capital, GGV Capital, Genesis Capital and CMC Capital Group are among its backers.</p><p>Meicai is competing with Chinese food and grocery delivery startups that have attracted fresh capital as the coronavirus pandemic fueled demand with consumers taking shelter at home. Dingdong Maicai, a grocery app, is considering a U.S. IPO as soon as this year, Bloomberg News reported. Tencent Holdings Ltd. recently raised its stake in Chinese online grocery startup Xingsheng Youxuan, people familiar with the matter have said.</p><p>Fresh-produce sourcing has also become a heated battlefield between startups like Meicai and on-demand services leader Meituan, which is counting on the segment to drive growth and anchor its food and restaurant management business. Meicai experimented with delivering fresh produce to retail clients’ doorsteps during the onset of the Covid-19 outbreak, but has since halted those operations to refocus on servicing restaurants.</p><p>(Adds Tencent’s Xingsheng Youxuan investment in seventh paragraph.)</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Startup Meicai’s CFO Departure Adds Uncertainty to IPO Plans</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStartup Meicai’s CFO Departure Adds Uncertainty to IPO Plans\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-19 11:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/chinese-startup-meicai-cfo-departure-104107157.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Meicai, a Chinese startup that connects vegetable farmers with restaurants, has recently lost its chief financial officer, casting uncertainty over its potential initial public offering...</p>\n\n<a href=\"https://finance.yahoo.com/news/chinese-startup-meicai-cfo-departure-104107157.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/22fb0a544aa253b668379d9f58bbe5a9","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/chinese-startup-meicai-cfo-departure-104107157.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1149189859","content_text":"(Bloomberg) -- Meicai, a Chinese startup that connects vegetable farmers with restaurants, has recently lost its chief financial officer, casting uncertainty over its potential initial public offering.Wang Can, who was an executive director at Fosun International Ltd. and joined Meicai in July, left due to family reasons, the company said on Thursday. The Beijing-based startup is now looking for a new CFO, according to people familiar with the matter.Wang’s departure could potentially affect Meicai’s first-time share sale plans, which had been at an exploratory stage, the people said. The startup was considering raising about $300 million but hasn’t decided on a listing venue, said the people, who asked not to be identified as the information is private.A representative for Meicai said there’s no timeline for the company’s IPO.Meicai, which means “beautiful vegetable,” was founded in 2014 by rocket scientist Liu Chuanjun. Using a smartphone app, its customers can order produce such as bok choy and Sichuan peppercorns directly from farms, disrupting traditional wholesaling by cutting out middlemen. The company said it serviced more than 2 million restaurants in over 300 Chinese cities as of the end of 2020.The startup raised about $800 million in 2018 for a post-money valuation of $7 billion. Tiger Global Management, Hillhouse Capital, GGV Capital, Genesis Capital and CMC Capital Group are among its backers.Meicai is competing with Chinese food and grocery delivery startups that have attracted fresh capital as the coronavirus pandemic fueled demand with consumers taking shelter at home. Dingdong Maicai, a grocery app, is considering a U.S. IPO as soon as this year, Bloomberg News reported. Tencent Holdings Ltd. recently raised its stake in Chinese online grocery startup Xingsheng Youxuan, people familiar with the matter have said.Fresh-produce sourcing has also become a heated battlefield between startups like Meicai and on-demand services leader Meituan, which is counting on the segment to drive growth and anchor its food and restaurant management business. Meicai experimented with delivering fresh produce to retail clients’ doorsteps during the onset of the Covid-19 outbreak, but has since halted those operations to refocus on servicing restaurants.(Adds Tencent’s Xingsheng Youxuan investment in seventh paragraph.)","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":360614671,"gmtCreate":1613902994593,"gmtModify":1704885815711,"author":{"id":"3563327258457989","authorId":"3563327258457989","name":"lego","avatar":"https://static.tigerbbs.com/ef86a057c355581cdbcf98deba960097","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3563327258457989","idStr":"3563327258457989"},"htmlText":"omg","listText":"omg","text":"omg","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/360614671","repostId":1149189859,"repostType":4,"repost":{"id":"1149189859","kind":"news","pubTimestamp":1613704641,"share":"https://ttm.financial/m/news/1149189859?lang=&edition=fundamental","pubTime":"2021-02-19 11:17","market":"us","language":"en","title":"Startup Meicai’s CFO Departure Adds Uncertainty to IPO Plans","url":"https://stock-news.laohu8.com/highlight/detail?id=1149189859","media":"Bloomberg","summary":"(Bloomberg) -- Meicai, a Chinese startup that connects vegetable farmers with restaurants, has recen","content":"<p>(Bloomberg) -- Meicai, a Chinese startup that connects vegetable farmers with restaurants, has recently lost its chief financial officer, casting uncertainty over its potential initial public offering.</p><p>Wang Can, who was an executive director at Fosun International Ltd. and joined Meicai in July, left due to family reasons, the company said on Thursday. The Beijing-based startup is now looking for a new CFO, according to people familiar with the matter.</p><p>Wang’s departure could potentially affect Meicai’s first-time share sale plans, which had been at an exploratory stage, the people said. The startup was considering raising about $300 million but hasn’t decided on a listing venue, said the people, who asked not to be identified as the information is private.</p><p>A representative for Meicai said there’s no timeline for the company’s IPO.</p><p>Meicai, which means “beautiful vegetable,” was founded in 2014 by rocket scientist Liu Chuanjun. Using a smartphone app, its customers can order produce such as bok choy and Sichuan peppercorns directly from farms, disrupting traditional wholesaling by cutting out middlemen. The company said it serviced more than 2 million restaurants in over 300 Chinese cities as of the end of 2020.</p><p>The startup raised about $800 million in 2018 for a post-money valuation of $7 billion. Tiger Global Management, Hillhouse Capital, GGV Capital, Genesis Capital and CMC Capital Group are among its backers.</p><p>Meicai is competing with Chinese food and grocery delivery startups that have attracted fresh capital as the coronavirus pandemic fueled demand with consumers taking shelter at home. Dingdong Maicai, a grocery app, is considering a U.S. IPO as soon as this year, Bloomberg News reported. Tencent Holdings Ltd. recently raised its stake in Chinese online grocery startup Xingsheng Youxuan, people familiar with the matter have said.</p><p>Fresh-produce sourcing has also become a heated battlefield between startups like Meicai and on-demand services leader Meituan, which is counting on the segment to drive growth and anchor its food and restaurant management business. Meicai experimented with delivering fresh produce to retail clients’ doorsteps during the onset of the Covid-19 outbreak, but has since halted those operations to refocus on servicing restaurants.</p><p>(Adds Tencent’s Xingsheng Youxuan investment in seventh paragraph.)</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Startup Meicai’s CFO Departure Adds Uncertainty to IPO Plans</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStartup Meicai’s CFO Departure Adds Uncertainty to IPO Plans\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-19 11:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/chinese-startup-meicai-cfo-departure-104107157.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Meicai, a Chinese startup that connects vegetable farmers with restaurants, has recently lost its chief financial officer, casting uncertainty over its potential initial public offering...</p>\n\n<a href=\"https://finance.yahoo.com/news/chinese-startup-meicai-cfo-departure-104107157.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/22fb0a544aa253b668379d9f58bbe5a9","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/chinese-startup-meicai-cfo-departure-104107157.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1149189859","content_text":"(Bloomberg) -- Meicai, a Chinese startup that connects vegetable farmers with restaurants, has recently lost its chief financial officer, casting uncertainty over its potential initial public offering.Wang Can, who was an executive director at Fosun International Ltd. and joined Meicai in July, left due to family reasons, the company said on Thursday. The Beijing-based startup is now looking for a new CFO, according to people familiar with the matter.Wang’s departure could potentially affect Meicai’s first-time share sale plans, which had been at an exploratory stage, the people said. The startup was considering raising about $300 million but hasn’t decided on a listing venue, said the people, who asked not to be identified as the information is private.A representative for Meicai said there’s no timeline for the company’s IPO.Meicai, which means “beautiful vegetable,” was founded in 2014 by rocket scientist Liu Chuanjun. Using a smartphone app, its customers can order produce such as bok choy and Sichuan peppercorns directly from farms, disrupting traditional wholesaling by cutting out middlemen. The company said it serviced more than 2 million restaurants in over 300 Chinese cities as of the end of 2020.The startup raised about $800 million in 2018 for a post-money valuation of $7 billion. Tiger Global Management, Hillhouse Capital, GGV Capital, Genesis Capital and CMC Capital Group are among its backers.Meicai is competing with Chinese food and grocery delivery startups that have attracted fresh capital as the coronavirus pandemic fueled demand with consumers taking shelter at home. Dingdong Maicai, a grocery app, is considering a U.S. IPO as soon as this year, Bloomberg News reported. Tencent Holdings Ltd. recently raised its stake in Chinese online grocery startup Xingsheng Youxuan, people familiar with the matter have said.Fresh-produce sourcing has also become a heated battlefield between startups like Meicai and on-demand services leader Meituan, which is counting on the segment to drive growth and anchor its food and restaurant management business. Meicai experimented with delivering fresh produce to retail clients’ doorsteps during the onset of the Covid-19 outbreak, but has since halted those operations to refocus on servicing restaurants.(Adds Tencent’s Xingsheng Youxuan investment in seventh paragraph.)","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":360830326,"gmtCreate":1613881084765,"gmtModify":1704885652758,"author":{"id":"3569118284894243","authorId":"3569118284894243","name":"CatherineL","avatar":"https://static.tigerbbs.com/7e73e1afe80293af7dd827af6a97a7e1","vip":1,"crmLevel":9,"crmLevelSwitch":0,"authorIdStr":"3569118284894243","idStr":"3569118284894243"},"htmlText":"Oh no&nbsp;","listText":"Oh no&nbsp;","text":"Oh no","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/360830326","repostId":1149189859,"repostType":4,"repost":{"id":"1149189859","kind":"news","pubTimestamp":1613704641,"share":"https://ttm.financial/m/news/1149189859?lang=&edition=fundamental","pubTime":"2021-02-19 11:17","market":"us","language":"en","title":"Startup Meicai’s CFO Departure Adds Uncertainty to IPO Plans","url":"https://stock-news.laohu8.com/highlight/detail?id=1149189859","media":"Bloomberg","summary":"(Bloomberg) -- Meicai, a Chinese startup that connects vegetable farmers with restaurants, has recen","content":"<p>(Bloomberg) -- Meicai, a Chinese startup that connects vegetable farmers with restaurants, has recently lost its chief financial officer, casting uncertainty over its potential initial public offering.</p><p>Wang Can, who was an executive director at Fosun International Ltd. and joined Meicai in July, left due to family reasons, the company said on Thursday. The Beijing-based startup is now looking for a new CFO, according to people familiar with the matter.</p><p>Wang’s departure could potentially affect Meicai’s first-time share sale plans, which had been at an exploratory stage, the people said. The startup was considering raising about $300 million but hasn’t decided on a listing venue, said the people, who asked not to be identified as the information is private.</p><p>A representative for Meicai said there’s no timeline for the company’s IPO.</p><p>Meicai, which means “beautiful vegetable,” was founded in 2014 by rocket scientist Liu Chuanjun. Using a smartphone app, its customers can order produce such as bok choy and Sichuan peppercorns directly from farms, disrupting traditional wholesaling by cutting out middlemen. The company said it serviced more than 2 million restaurants in over 300 Chinese cities as of the end of 2020.</p><p>The startup raised about $800 million in 2018 for a post-money valuation of $7 billion. Tiger Global Management, Hillhouse Capital, GGV Capital, Genesis Capital and CMC Capital Group are among its backers.</p><p>Meicai is competing with Chinese food and grocery delivery startups that have attracted fresh capital as the coronavirus pandemic fueled demand with consumers taking shelter at home. Dingdong Maicai, a grocery app, is considering a U.S. IPO as soon as this year, Bloomberg News reported. Tencent Holdings Ltd. recently raised its stake in Chinese online grocery startup Xingsheng Youxuan, people familiar with the matter have said.</p><p>Fresh-produce sourcing has also become a heated battlefield between startups like Meicai and on-demand services leader Meituan, which is counting on the segment to drive growth and anchor its food and restaurant management business. Meicai experimented with delivering fresh produce to retail clients’ doorsteps during the onset of the Covid-19 outbreak, but has since halted those operations to refocus on servicing restaurants.</p><p>(Adds Tencent’s Xingsheng Youxuan investment in seventh paragraph.)</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Startup Meicai’s CFO Departure Adds Uncertainty to IPO Plans</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStartup Meicai’s CFO Departure Adds Uncertainty to IPO Plans\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-19 11:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/chinese-startup-meicai-cfo-departure-104107157.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Meicai, a Chinese startup that connects vegetable farmers with restaurants, has recently lost its chief financial officer, casting uncertainty over its potential initial public offering...</p>\n\n<a href=\"https://finance.yahoo.com/news/chinese-startup-meicai-cfo-departure-104107157.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/22fb0a544aa253b668379d9f58bbe5a9","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/chinese-startup-meicai-cfo-departure-104107157.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1149189859","content_text":"(Bloomberg) -- Meicai, a Chinese startup that connects vegetable farmers with restaurants, has recently lost its chief financial officer, casting uncertainty over its potential initial public offering.Wang Can, who was an executive director at Fosun International Ltd. and joined Meicai in July, left due to family reasons, the company said on Thursday. The Beijing-based startup is now looking for a new CFO, according to people familiar with the matter.Wang’s departure could potentially affect Meicai’s first-time share sale plans, which had been at an exploratory stage, the people said. The startup was considering raising about $300 million but hasn’t decided on a listing venue, said the people, who asked not to be identified as the information is private.A representative for Meicai said there’s no timeline for the company’s IPO.Meicai, which means “beautiful vegetable,” was founded in 2014 by rocket scientist Liu Chuanjun. Using a smartphone app, its customers can order produce such as bok choy and Sichuan peppercorns directly from farms, disrupting traditional wholesaling by cutting out middlemen. The company said it serviced more than 2 million restaurants in over 300 Chinese cities as of the end of 2020.The startup raised about $800 million in 2018 for a post-money valuation of $7 billion. Tiger Global Management, Hillhouse Capital, GGV Capital, Genesis Capital and CMC Capital Group are among its backers.Meicai is competing with Chinese food and grocery delivery startups that have attracted fresh capital as the coronavirus pandemic fueled demand with consumers taking shelter at home. Dingdong Maicai, a grocery app, is considering a U.S. IPO as soon as this year, Bloomberg News reported. Tencent Holdings Ltd. recently raised its stake in Chinese online grocery startup Xingsheng Youxuan, people familiar with the matter have said.Fresh-produce sourcing has also become a heated battlefield between startups like Meicai and on-demand services leader Meituan, which is counting on the segment to drive growth and anchor its food and restaurant management business. Meicai experimented with delivering fresh produce to retail clients’ doorsteps during the onset of the Covid-19 outbreak, but has since halted those operations to refocus on servicing restaurants.(Adds Tencent’s Xingsheng Youxuan investment in seventh paragraph.)","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3624313,"gmtCreate":1613893089196,"gmtModify":1680777745674,"authorId":3560280328484327,"author":{"id":3560280328484327,"idStr":"3560280328484327","authorId":3560280328484327,"name":"McGreedy","avatar":"https://static.tigerbbs.com/96af4bcc46326043bb64926e01f6724c","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.05.09","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":1,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":360830326,"type":1,"supId":0,"prevId":0,"content":"like my comment <u>pls</u>","text":"like my comment <u>pls</u>","html":"like my comment <u>pls</u>"}],"langContent":"EN"},{"id":360320258,"gmtCreate":1613835842274,"gmtModify":1704885441824,"author":{"id":"3575084008680468","authorId":"3575084008680468","name":"Hb_","avatar":"https://static.tigerbbs.com/2e6b4bec98a0dbb1567834e4f467227b","vip":1,"crmLevel":4,"crmLevelSwitch":0,"authorIdStr":"3575084008680468","idStr":"3575084008680468"},"htmlText":"Good&nbsp;","listText":"Good&nbsp;","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/360320258","repostId":1149189859,"repostType":4,"repost":{"id":"1149189859","kind":"news","pubTimestamp":1613704641,"share":"https://ttm.financial/m/news/1149189859?lang=&edition=fundamental","pubTime":"2021-02-19 11:17","market":"us","language":"en","title":"Startup Meicai’s CFO Departure Adds Uncertainty to IPO Plans","url":"https://stock-news.laohu8.com/highlight/detail?id=1149189859","media":"Bloomberg","summary":"(Bloomberg) -- Meicai, a Chinese startup that connects vegetable farmers with restaurants, has recen","content":"<p>(Bloomberg) -- Meicai, a Chinese startup that connects vegetable farmers with restaurants, has recently lost its chief financial officer, casting uncertainty over its potential initial public offering.</p><p>Wang Can, who was an executive director at Fosun International Ltd. and joined Meicai in July, left due to family reasons, the company said on Thursday. The Beijing-based startup is now looking for a new CFO, according to people familiar with the matter.</p><p>Wang’s departure could potentially affect Meicai’s first-time share sale plans, which had been at an exploratory stage, the people said. The startup was considering raising about $300 million but hasn’t decided on a listing venue, said the people, who asked not to be identified as the information is private.</p><p>A representative for Meicai said there’s no timeline for the company’s IPO.</p><p>Meicai, which means “beautiful vegetable,” was founded in 2014 by rocket scientist Liu Chuanjun. Using a smartphone app, its customers can order produce such as bok choy and Sichuan peppercorns directly from farms, disrupting traditional wholesaling by cutting out middlemen. The company said it serviced more than 2 million restaurants in over 300 Chinese cities as of the end of 2020.</p><p>The startup raised about $800 million in 2018 for a post-money valuation of $7 billion. Tiger Global Management, Hillhouse Capital, GGV Capital, Genesis Capital and CMC Capital Group are among its backers.</p><p>Meicai is competing with Chinese food and grocery delivery startups that have attracted fresh capital as the coronavirus pandemic fueled demand with consumers taking shelter at home. Dingdong Maicai, a grocery app, is considering a U.S. IPO as soon as this year, Bloomberg News reported. Tencent Holdings Ltd. recently raised its stake in Chinese online grocery startup Xingsheng Youxuan, people familiar with the matter have said.</p><p>Fresh-produce sourcing has also become a heated battlefield between startups like Meicai and on-demand services leader Meituan, which is counting on the segment to drive growth and anchor its food and restaurant management business. Meicai experimented with delivering fresh produce to retail clients’ doorsteps during the onset of the Covid-19 outbreak, but has since halted those operations to refocus on servicing restaurants.</p><p>(Adds Tencent’s Xingsheng Youxuan investment in seventh paragraph.)</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Startup Meicai’s CFO Departure Adds Uncertainty to IPO Plans</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStartup Meicai’s CFO Departure Adds Uncertainty to IPO Plans\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-19 11:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/chinese-startup-meicai-cfo-departure-104107157.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Meicai, a Chinese startup that connects vegetable farmers with restaurants, has recently lost its chief financial officer, casting uncertainty over its potential initial public offering...</p>\n\n<a href=\"https://finance.yahoo.com/news/chinese-startup-meicai-cfo-departure-104107157.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/22fb0a544aa253b668379d9f58bbe5a9","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/chinese-startup-meicai-cfo-departure-104107157.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1149189859","content_text":"(Bloomberg) -- Meicai, a Chinese startup that connects vegetable farmers with restaurants, has recently lost its chief financial officer, casting uncertainty over its potential initial public offering.Wang Can, who was an executive director at Fosun International Ltd. and joined Meicai in July, left due to family reasons, the company said on Thursday. The Beijing-based startup is now looking for a new CFO, according to people familiar with the matter.Wang’s departure could potentially affect Meicai’s first-time share sale plans, which had been at an exploratory stage, the people said. The startup was considering raising about $300 million but hasn’t decided on a listing venue, said the people, who asked not to be identified as the information is private.A representative for Meicai said there’s no timeline for the company’s IPO.Meicai, which means “beautiful vegetable,” was founded in 2014 by rocket scientist Liu Chuanjun. Using a smartphone app, its customers can order produce such as bok choy and Sichuan peppercorns directly from farms, disrupting traditional wholesaling by cutting out middlemen. The company said it serviced more than 2 million restaurants in over 300 Chinese cities as of the end of 2020.The startup raised about $800 million in 2018 for a post-money valuation of $7 billion. Tiger Global Management, Hillhouse Capital, GGV Capital, Genesis Capital and CMC Capital Group are among its backers.Meicai is competing with Chinese food and grocery delivery startups that have attracted fresh capital as the coronavirus pandemic fueled demand with consumers taking shelter at home. Dingdong Maicai, a grocery app, is considering a U.S. IPO as soon as this year, Bloomberg News reported. Tencent Holdings Ltd. recently raised its stake in Chinese online grocery startup Xingsheng Youxuan, people familiar with the matter have said.Fresh-produce sourcing has also become a heated battlefield between startups like Meicai and on-demand services leader Meituan, which is counting on the segment to drive growth and anchor its food and restaurant management business. Meicai experimented with delivering fresh produce to retail clients’ doorsteps during the onset of the Covid-19 outbreak, but has since halted those operations to refocus on servicing restaurants.(Adds Tencent’s Xingsheng Youxuan investment in seventh paragraph.)","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":360005943,"gmtCreate":1613792337883,"gmtModify":1704885090430,"author":{"id":"3569900615850455","authorId":"3569900615850455","name":"Zfnggg","avatar":"https://static.tigerbbs.com/0443bd733971a0c2212deccb62c497e0","vip":1,"crmLevel":3,"crmLevelSwitch":0,"authorIdStr":"3569900615850455","idStr":"3569900615850455"},"htmlText":"h","listText":"h","text":"h","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/360005943","repostId":1149189859,"repostType":4,"repost":{"id":"1149189859","kind":"news","pubTimestamp":1613704641,"share":"https://ttm.financial/m/news/1149189859?lang=&edition=fundamental","pubTime":"2021-02-19 11:17","market":"us","language":"en","title":"Startup Meicai’s CFO Departure Adds Uncertainty to IPO Plans","url":"https://stock-news.laohu8.com/highlight/detail?id=1149189859","media":"Bloomberg","summary":"(Bloomberg) -- Meicai, a Chinese startup that connects vegetable farmers with restaurants, has recen","content":"<p>(Bloomberg) -- Meicai, a Chinese startup that connects vegetable farmers with restaurants, has recently lost its chief financial officer, casting uncertainty over its potential initial public offering.</p><p>Wang Can, who was an executive director at Fosun International Ltd. and joined Meicai in July, left due to family reasons, the company said on Thursday. The Beijing-based startup is now looking for a new CFO, according to people familiar with the matter.</p><p>Wang’s departure could potentially affect Meicai’s first-time share sale plans, which had been at an exploratory stage, the people said. The startup was considering raising about $300 million but hasn’t decided on a listing venue, said the people, who asked not to be identified as the information is private.</p><p>A representative for Meicai said there’s no timeline for the company’s IPO.</p><p>Meicai, which means “beautiful vegetable,” was founded in 2014 by rocket scientist Liu Chuanjun. Using a smartphone app, its customers can order produce such as bok choy and Sichuan peppercorns directly from farms, disrupting traditional wholesaling by cutting out middlemen. The company said it serviced more than 2 million restaurants in over 300 Chinese cities as of the end of 2020.</p><p>The startup raised about $800 million in 2018 for a post-money valuation of $7 billion. Tiger Global Management, Hillhouse Capital, GGV Capital, Genesis Capital and CMC Capital Group are among its backers.</p><p>Meicai is competing with Chinese food and grocery delivery startups that have attracted fresh capital as the coronavirus pandemic fueled demand with consumers taking shelter at home. Dingdong Maicai, a grocery app, is considering a U.S. IPO as soon as this year, Bloomberg News reported. Tencent Holdings Ltd. recently raised its stake in Chinese online grocery startup Xingsheng Youxuan, people familiar with the matter have said.</p><p>Fresh-produce sourcing has also become a heated battlefield between startups like Meicai and on-demand services leader Meituan, which is counting on the segment to drive growth and anchor its food and restaurant management business. Meicai experimented with delivering fresh produce to retail clients’ doorsteps during the onset of the Covid-19 outbreak, but has since halted those operations to refocus on servicing restaurants.</p><p>(Adds Tencent’s Xingsheng Youxuan investment in seventh paragraph.)</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Startup Meicai’s CFO Departure Adds Uncertainty to IPO Plans</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStartup Meicai’s CFO Departure Adds Uncertainty to IPO Plans\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-19 11:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/chinese-startup-meicai-cfo-departure-104107157.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Meicai, a Chinese startup that connects vegetable farmers with restaurants, has recently lost its chief financial officer, casting uncertainty over its potential initial public offering...</p>\n\n<a href=\"https://finance.yahoo.com/news/chinese-startup-meicai-cfo-departure-104107157.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/22fb0a544aa253b668379d9f58bbe5a9","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/chinese-startup-meicai-cfo-departure-104107157.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1149189859","content_text":"(Bloomberg) -- Meicai, a Chinese startup that connects vegetable farmers with restaurants, has recently lost its chief financial officer, casting uncertainty over its potential initial public offering.Wang Can, who was an executive director at Fosun International Ltd. and joined Meicai in July, left due to family reasons, the company said on Thursday. The Beijing-based startup is now looking for a new CFO, according to people familiar with the matter.Wang’s departure could potentially affect Meicai’s first-time share sale plans, which had been at an exploratory stage, the people said. The startup was considering raising about $300 million but hasn’t decided on a listing venue, said the people, who asked not to be identified as the information is private.A representative for Meicai said there’s no timeline for the company’s IPO.Meicai, which means “beautiful vegetable,” was founded in 2014 by rocket scientist Liu Chuanjun. Using a smartphone app, its customers can order produce such as bok choy and Sichuan peppercorns directly from farms, disrupting traditional wholesaling by cutting out middlemen. The company said it serviced more than 2 million restaurants in over 300 Chinese cities as of the end of 2020.The startup raised about $800 million in 2018 for a post-money valuation of $7 billion. Tiger Global Management, Hillhouse Capital, GGV Capital, Genesis Capital and CMC Capital Group are among its backers.Meicai is competing with Chinese food and grocery delivery startups that have attracted fresh capital as the coronavirus pandemic fueled demand with consumers taking shelter at home. Dingdong Maicai, a grocery app, is considering a U.S. IPO as soon as this year, Bloomberg News reported. Tencent Holdings Ltd. recently raised its stake in Chinese online grocery startup Xingsheng Youxuan, people familiar with the matter have said.Fresh-produce sourcing has also become a heated battlefield between startups like Meicai and on-demand services leader Meituan, which is counting on the segment to drive growth and anchor its food and restaurant management business. Meicai experimented with delivering fresh produce to retail clients’ doorsteps during the onset of the Covid-19 outbreak, but has since halted those operations to refocus on servicing restaurants.(Adds Tencent’s Xingsheng Youxuan investment in seventh paragraph.)","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":387667135,"gmtCreate":1613745924427,"gmtModify":1704884498568,"author":{"id":"3576403964563129","authorId":"3576403964563129","name":"Huathuathuat","avatar":"https://static.tigerbbs.com/f9297aa3e26ce7c93707e4d31c440fca","vip":1,"crmLevel":3,"crmLevelSwitch":0,"authorIdStr":"3576403964563129","idStr":"3576403964563129"},"htmlText":"Good&nbsp;","listText":"Good&nbsp;","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/387667135","repostId":1149189859,"repostType":4,"repost":{"id":"1149189859","kind":"news","pubTimestamp":1613704641,"share":"https://ttm.financial/m/news/1149189859?lang=&edition=fundamental","pubTime":"2021-02-19 11:17","market":"us","language":"en","title":"Startup Meicai’s CFO Departure Adds Uncertainty to IPO Plans","url":"https://stock-news.laohu8.com/highlight/detail?id=1149189859","media":"Bloomberg","summary":"(Bloomberg) -- Meicai, a Chinese startup that connects vegetable farmers with restaurants, has recen","content":"<p>(Bloomberg) -- Meicai, a Chinese startup that connects vegetable farmers with restaurants, has recently lost its chief financial officer, casting uncertainty over its potential initial public offering.</p><p>Wang Can, who was an executive director at Fosun International Ltd. and joined Meicai in July, left due to family reasons, the company said on Thursday. The Beijing-based startup is now looking for a new CFO, according to people familiar with the matter.</p><p>Wang’s departure could potentially affect Meicai’s first-time share sale plans, which had been at an exploratory stage, the people said. The startup was considering raising about $300 million but hasn’t decided on a listing venue, said the people, who asked not to be identified as the information is private.</p><p>A representative for Meicai said there’s no timeline for the company’s IPO.</p><p>Meicai, which means “beautiful vegetable,” was founded in 2014 by rocket scientist Liu Chuanjun. Using a smartphone app, its customers can order produce such as bok choy and Sichuan peppercorns directly from farms, disrupting traditional wholesaling by cutting out middlemen. The company said it serviced more than 2 million restaurants in over 300 Chinese cities as of the end of 2020.</p><p>The startup raised about $800 million in 2018 for a post-money valuation of $7 billion. Tiger Global Management, Hillhouse Capital, GGV Capital, Genesis Capital and CMC Capital Group are among its backers.</p><p>Meicai is competing with Chinese food and grocery delivery startups that have attracted fresh capital as the coronavirus pandemic fueled demand with consumers taking shelter at home. Dingdong Maicai, a grocery app, is considering a U.S. IPO as soon as this year, Bloomberg News reported. Tencent Holdings Ltd. recently raised its stake in Chinese online grocery startup Xingsheng Youxuan, people familiar with the matter have said.</p><p>Fresh-produce sourcing has also become a heated battlefield between startups like Meicai and on-demand services leader Meituan, which is counting on the segment to drive growth and anchor its food and restaurant management business. Meicai experimented with delivering fresh produce to retail clients’ doorsteps during the onset of the Covid-19 outbreak, but has since halted those operations to refocus on servicing restaurants.</p><p>(Adds Tencent’s Xingsheng Youxuan investment in seventh paragraph.)</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Startup Meicai’s CFO Departure Adds Uncertainty to IPO Plans</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStartup Meicai’s CFO Departure Adds Uncertainty to IPO Plans\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-19 11:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/chinese-startup-meicai-cfo-departure-104107157.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Meicai, a Chinese startup that connects vegetable farmers with restaurants, has recently lost its chief financial officer, casting uncertainty over its potential initial public offering...</p>\n\n<a href=\"https://finance.yahoo.com/news/chinese-startup-meicai-cfo-departure-104107157.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/22fb0a544aa253b668379d9f58bbe5a9","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/chinese-startup-meicai-cfo-departure-104107157.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1149189859","content_text":"(Bloomberg) -- Meicai, a Chinese startup that connects vegetable farmers with restaurants, has recently lost its chief financial officer, casting uncertainty over its potential initial public offering.Wang Can, who was an executive director at Fosun International Ltd. and joined Meicai in July, left due to family reasons, the company said on Thursday. The Beijing-based startup is now looking for a new CFO, according to people familiar with the matter.Wang’s departure could potentially affect Meicai’s first-time share sale plans, which had been at an exploratory stage, the people said. The startup was considering raising about $300 million but hasn’t decided on a listing venue, said the people, who asked not to be identified as the information is private.A representative for Meicai said there’s no timeline for the company’s IPO.Meicai, which means “beautiful vegetable,” was founded in 2014 by rocket scientist Liu Chuanjun. Using a smartphone app, its customers can order produce such as bok choy and Sichuan peppercorns directly from farms, disrupting traditional wholesaling by cutting out middlemen. The company said it serviced more than 2 million restaurants in over 300 Chinese cities as of the end of 2020.The startup raised about $800 million in 2018 for a post-money valuation of $7 billion. Tiger Global Management, Hillhouse Capital, GGV Capital, Genesis Capital and CMC Capital Group are among its backers.Meicai is competing with Chinese food and grocery delivery startups that have attracted fresh capital as the coronavirus pandemic fueled demand with consumers taking shelter at home. Dingdong Maicai, a grocery app, is considering a U.S. IPO as soon as this year, Bloomberg News reported. Tencent Holdings Ltd. recently raised its stake in Chinese online grocery startup Xingsheng Youxuan, people familiar with the matter have said.Fresh-produce sourcing has also become a heated battlefield between startups like Meicai and on-demand services leader Meituan, which is counting on the segment to drive growth and anchor its food and restaurant management business. Meicai experimented with delivering fresh produce to retail clients’ doorsteps during the onset of the Covid-19 outbreak, but has since halted those operations to refocus on servicing restaurants.(Adds Tencent’s Xingsheng Youxuan investment in seventh paragraph.)","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3617408,"gmtCreate":1613786051267,"gmtModify":1680777643789,"authorId":3558876054604575,"author":{"id":3558876054604575,"idStr":"3558876054604575","authorId":3558876054604575,"name":"heyheyhey88","avatar":"https://static.tigerbbs.com/50ee2864cdab4efa6686704c3929c8f0","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":387667135,"type":1,"supId":0,"prevId":0,"content":"K","text":"K","html":"K"}],"langContent":"EN"},{"id":387398618,"gmtCreate":1613718468234,"gmtModify":1704884029007,"author":{"id":"3575955563694893","authorId":"3575955563694893","name":"T20211126001","avatar":"https://static.tigerbbs.com/42cf33544f719c12b3a2aa7e6bd084b1","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":8,"crmLevelSwitch":0,"authorIdStr":"3575955563694893","idStr":"3575955563694893"},"htmlText":"Yes","listText":"Yes","text":"Yes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/387398618","repostId":1149189859,"repostType":4,"repost":{"id":"1149189859","kind":"news","pubTimestamp":1613704641,"share":"https://ttm.financial/m/news/1149189859?lang=&edition=fundamental","pubTime":"2021-02-19 11:17","market":"us","language":"en","title":"Startup Meicai’s CFO Departure Adds Uncertainty to IPO Plans","url":"https://stock-news.laohu8.com/highlight/detail?id=1149189859","media":"Bloomberg","summary":"(Bloomberg) -- Meicai, a Chinese startup that connects vegetable farmers with restaurants, has recen","content":"<p>(Bloomberg) -- Meicai, a Chinese startup that connects vegetable farmers with restaurants, has recently lost its chief financial officer, casting uncertainty over its potential initial public offering.</p><p>Wang Can, who was an executive director at Fosun International Ltd. and joined Meicai in July, left due to family reasons, the company said on Thursday. The Beijing-based startup is now looking for a new CFO, according to people familiar with the matter.</p><p>Wang’s departure could potentially affect Meicai’s first-time share sale plans, which had been at an exploratory stage, the people said. The startup was considering raising about $300 million but hasn’t decided on a listing venue, said the people, who asked not to be identified as the information is private.</p><p>A representative for Meicai said there’s no timeline for the company’s IPO.</p><p>Meicai, which means “beautiful vegetable,” was founded in 2014 by rocket scientist Liu Chuanjun. Using a smartphone app, its customers can order produce such as bok choy and Sichuan peppercorns directly from farms, disrupting traditional wholesaling by cutting out middlemen. The company said it serviced more than 2 million restaurants in over 300 Chinese cities as of the end of 2020.</p><p>The startup raised about $800 million in 2018 for a post-money valuation of $7 billion. Tiger Global Management, Hillhouse Capital, GGV Capital, Genesis Capital and CMC Capital Group are among its backers.</p><p>Meicai is competing with Chinese food and grocery delivery startups that have attracted fresh capital as the coronavirus pandemic fueled demand with consumers taking shelter at home. Dingdong Maicai, a grocery app, is considering a U.S. IPO as soon as this year, Bloomberg News reported. Tencent Holdings Ltd. recently raised its stake in Chinese online grocery startup Xingsheng Youxuan, people familiar with the matter have said.</p><p>Fresh-produce sourcing has also become a heated battlefield between startups like Meicai and on-demand services leader Meituan, which is counting on the segment to drive growth and anchor its food and restaurant management business. Meicai experimented with delivering fresh produce to retail clients’ doorsteps during the onset of the Covid-19 outbreak, but has since halted those operations to refocus on servicing restaurants.</p><p>(Adds Tencent’s Xingsheng Youxuan investment in seventh paragraph.)</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Startup Meicai’s CFO Departure Adds Uncertainty to IPO Plans</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStartup Meicai’s CFO Departure Adds Uncertainty to IPO Plans\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-19 11:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/chinese-startup-meicai-cfo-departure-104107157.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Meicai, a Chinese startup that connects vegetable farmers with restaurants, has recently lost its chief financial officer, casting uncertainty over its potential initial public offering...</p>\n\n<a href=\"https://finance.yahoo.com/news/chinese-startup-meicai-cfo-departure-104107157.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/22fb0a544aa253b668379d9f58bbe5a9","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/chinese-startup-meicai-cfo-departure-104107157.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1149189859","content_text":"(Bloomberg) -- Meicai, a Chinese startup that connects vegetable farmers with restaurants, has recently lost its chief financial officer, casting uncertainty over its potential initial public offering.Wang Can, who was an executive director at Fosun International Ltd. and joined Meicai in July, left due to family reasons, the company said on Thursday. The Beijing-based startup is now looking for a new CFO, according to people familiar with the matter.Wang’s departure could potentially affect Meicai’s first-time share sale plans, which had been at an exploratory stage, the people said. The startup was considering raising about $300 million but hasn’t decided on a listing venue, said the people, who asked not to be identified as the information is private.A representative for Meicai said there’s no timeline for the company’s IPO.Meicai, which means “beautiful vegetable,” was founded in 2014 by rocket scientist Liu Chuanjun. Using a smartphone app, its customers can order produce such as bok choy and Sichuan peppercorns directly from farms, disrupting traditional wholesaling by cutting out middlemen. The company said it serviced more than 2 million restaurants in over 300 Chinese cities as of the end of 2020.The startup raised about $800 million in 2018 for a post-money valuation of $7 billion. Tiger Global Management, Hillhouse Capital, GGV Capital, Genesis Capital and CMC Capital Group are among its backers.Meicai is competing with Chinese food and grocery delivery startups that have attracted fresh capital as the coronavirus pandemic fueled demand with consumers taking shelter at home. Dingdong Maicai, a grocery app, is considering a U.S. IPO as soon as this year, Bloomberg News reported. Tencent Holdings Ltd. recently raised its stake in Chinese online grocery startup Xingsheng Youxuan, people familiar with the matter have said.Fresh-produce sourcing has also become a heated battlefield between startups like Meicai and on-demand services leader Meituan, which is counting on the segment to drive growth and anchor its food and restaurant management business. Meicai experimented with delivering fresh produce to retail clients’ doorsteps during the onset of the Covid-19 outbreak, but has since halted those operations to refocus on servicing restaurants.(Adds Tencent’s Xingsheng Youxuan investment in seventh paragraph.)","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":387945710,"gmtCreate":1613714973630,"gmtModify":1704883992728,"author":{"id":"3572949737859102","authorId":"3572949737859102","name":"Deont","avatar":"https://static.tigerbbs.com/b69cb3aef6e3479f1dd8cb3e0eda4f60","vip":1,"crmLevel":5,"crmLevelSwitch":0,"authorIdStr":"3572949737859102","idStr":"3572949737859102"},"htmlText":"Buy the uncertainty","listText":"Buy the uncertainty","text":"Buy the uncertainty","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/387945710","repostId":1149189859,"repostType":4,"repost":{"id":"1149189859","kind":"news","pubTimestamp":1613704641,"share":"https://ttm.financial/m/news/1149189859?lang=&edition=fundamental","pubTime":"2021-02-19 11:17","market":"us","language":"en","title":"Startup Meicai’s CFO Departure Adds Uncertainty to IPO Plans","url":"https://stock-news.laohu8.com/highlight/detail?id=1149189859","media":"Bloomberg","summary":"(Bloomberg) -- Meicai, a Chinese startup that connects vegetable farmers with restaurants, has recen","content":"<p>(Bloomberg) -- Meicai, a Chinese startup that connects vegetable farmers with restaurants, has recently lost its chief financial officer, casting uncertainty over its potential initial public offering.</p><p>Wang Can, who was an executive director at Fosun International Ltd. and joined Meicai in July, left due to family reasons, the company said on Thursday. The Beijing-based startup is now looking for a new CFO, according to people familiar with the matter.</p><p>Wang’s departure could potentially affect Meicai’s first-time share sale plans, which had been at an exploratory stage, the people said. The startup was considering raising about $300 million but hasn’t decided on a listing venue, said the people, who asked not to be identified as the information is private.</p><p>A representative for Meicai said there’s no timeline for the company’s IPO.</p><p>Meicai, which means “beautiful vegetable,” was founded in 2014 by rocket scientist Liu Chuanjun. Using a smartphone app, its customers can order produce such as bok choy and Sichuan peppercorns directly from farms, disrupting traditional wholesaling by cutting out middlemen. The company said it serviced more than 2 million restaurants in over 300 Chinese cities as of the end of 2020.</p><p>The startup raised about $800 million in 2018 for a post-money valuation of $7 billion. Tiger Global Management, Hillhouse Capital, GGV Capital, Genesis Capital and CMC Capital Group are among its backers.</p><p>Meicai is competing with Chinese food and grocery delivery startups that have attracted fresh capital as the coronavirus pandemic fueled demand with consumers taking shelter at home. Dingdong Maicai, a grocery app, is considering a U.S. IPO as soon as this year, Bloomberg News reported. Tencent Holdings Ltd. recently raised its stake in Chinese online grocery startup Xingsheng Youxuan, people familiar with the matter have said.</p><p>Fresh-produce sourcing has also become a heated battlefield between startups like Meicai and on-demand services leader Meituan, which is counting on the segment to drive growth and anchor its food and restaurant management business. Meicai experimented with delivering fresh produce to retail clients’ doorsteps during the onset of the Covid-19 outbreak, but has since halted those operations to refocus on servicing restaurants.</p><p>(Adds Tencent’s Xingsheng Youxuan investment in seventh paragraph.)</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Startup Meicai’s CFO Departure Adds Uncertainty to IPO Plans</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStartup Meicai’s CFO Departure Adds Uncertainty to IPO Plans\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-19 11:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/chinese-startup-meicai-cfo-departure-104107157.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Meicai, a Chinese startup that connects vegetable farmers with restaurants, has recently lost its chief financial officer, casting uncertainty over its potential initial public offering...</p>\n\n<a href=\"https://finance.yahoo.com/news/chinese-startup-meicai-cfo-departure-104107157.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/22fb0a544aa253b668379d9f58bbe5a9","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/chinese-startup-meicai-cfo-departure-104107157.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1149189859","content_text":"(Bloomberg) -- Meicai, a Chinese startup that connects vegetable farmers with restaurants, has recently lost its chief financial officer, casting uncertainty over its potential initial public offering.Wang Can, who was an executive director at Fosun International Ltd. and joined Meicai in July, left due to family reasons, the company said on Thursday. The Beijing-based startup is now looking for a new CFO, according to people familiar with the matter.Wang’s departure could potentially affect Meicai’s first-time share sale plans, which had been at an exploratory stage, the people said. The startup was considering raising about $300 million but hasn’t decided on a listing venue, said the people, who asked not to be identified as the information is private.A representative for Meicai said there’s no timeline for the company’s IPO.Meicai, which means “beautiful vegetable,” was founded in 2014 by rocket scientist Liu Chuanjun. Using a smartphone app, its customers can order produce such as bok choy and Sichuan peppercorns directly from farms, disrupting traditional wholesaling by cutting out middlemen. The company said it serviced more than 2 million restaurants in over 300 Chinese cities as of the end of 2020.The startup raised about $800 million in 2018 for a post-money valuation of $7 billion. Tiger Global Management, Hillhouse Capital, GGV Capital, Genesis Capital and CMC Capital Group are among its backers.Meicai is competing with Chinese food and grocery delivery startups that have attracted fresh capital as the coronavirus pandemic fueled demand with consumers taking shelter at home. Dingdong Maicai, a grocery app, is considering a U.S. IPO as soon as this year, Bloomberg News reported. Tencent Holdings Ltd. recently raised its stake in Chinese online grocery startup Xingsheng Youxuan, people familiar with the matter have said.Fresh-produce sourcing has also become a heated battlefield between startups like Meicai and on-demand services leader Meituan, which is counting on the segment to drive growth and anchor its food and restaurant management business. Meicai experimented with delivering fresh produce to retail clients’ doorsteps during the onset of the Covid-19 outbreak, but has since halted those operations to refocus on servicing restaurants.(Adds Tencent’s Xingsheng Youxuan investment in seventh paragraph.)","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":387943673,"gmtCreate":1613713940192,"gmtModify":1704883984609,"author":{"id":"3564105303063302","authorId":"3564105303063302","name":"ALi_BaBa","avatar":"https://static.tigerbbs.com/d89722c800111c9c885624fce940701f","vip":1,"crmLevel":7,"crmLevelSwitch":0,"authorIdStr":"3564105303063302","idStr":"3564105303063302"},"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/387943673","repostId":1149189859,"repostType":4,"repost":{"id":"1149189859","kind":"news","pubTimestamp":1613704641,"share":"https://ttm.financial/m/news/1149189859?lang=&edition=fundamental","pubTime":"2021-02-19 11:17","market":"us","language":"en","title":"Startup Meicai’s CFO Departure Adds Uncertainty to IPO Plans","url":"https://stock-news.laohu8.com/highlight/detail?id=1149189859","media":"Bloomberg","summary":"(Bloomberg) -- Meicai, a Chinese startup that connects vegetable farmers with restaurants, has recen","content":"<p>(Bloomberg) -- Meicai, a Chinese startup that connects vegetable farmers with restaurants, has recently lost its chief financial officer, casting uncertainty over its potential initial public offering.</p><p>Wang Can, who was an executive director at Fosun International Ltd. and joined Meicai in July, left due to family reasons, the company said on Thursday. The Beijing-based startup is now looking for a new CFO, according to people familiar with the matter.</p><p>Wang’s departure could potentially affect Meicai’s first-time share sale plans, which had been at an exploratory stage, the people said. The startup was considering raising about $300 million but hasn’t decided on a listing venue, said the people, who asked not to be identified as the information is private.</p><p>A representative for Meicai said there’s no timeline for the company’s IPO.</p><p>Meicai, which means “beautiful vegetable,” was founded in 2014 by rocket scientist Liu Chuanjun. Using a smartphone app, its customers can order produce such as bok choy and Sichuan peppercorns directly from farms, disrupting traditional wholesaling by cutting out middlemen. The company said it serviced more than 2 million restaurants in over 300 Chinese cities as of the end of 2020.</p><p>The startup raised about $800 million in 2018 for a post-money valuation of $7 billion. Tiger Global Management, Hillhouse Capital, GGV Capital, Genesis Capital and CMC Capital Group are among its backers.</p><p>Meicai is competing with Chinese food and grocery delivery startups that have attracted fresh capital as the coronavirus pandemic fueled demand with consumers taking shelter at home. Dingdong Maicai, a grocery app, is considering a U.S. IPO as soon as this year, Bloomberg News reported. Tencent Holdings Ltd. recently raised its stake in Chinese online grocery startup Xingsheng Youxuan, people familiar with the matter have said.</p><p>Fresh-produce sourcing has also become a heated battlefield between startups like Meicai and on-demand services leader Meituan, which is counting on the segment to drive growth and anchor its food and restaurant management business. Meicai experimented with delivering fresh produce to retail clients’ doorsteps during the onset of the Covid-19 outbreak, but has since halted those operations to refocus on servicing restaurants.</p><p>(Adds Tencent’s Xingsheng Youxuan investment in seventh paragraph.)</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Startup Meicai’s CFO Departure Adds Uncertainty to IPO Plans</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStartup Meicai’s CFO Departure Adds Uncertainty to IPO Plans\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-19 11:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/chinese-startup-meicai-cfo-departure-104107157.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Meicai, a Chinese startup that connects vegetable farmers with restaurants, has recently lost its chief financial officer, casting uncertainty over its potential initial public offering...</p>\n\n<a href=\"https://finance.yahoo.com/news/chinese-startup-meicai-cfo-departure-104107157.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/22fb0a544aa253b668379d9f58bbe5a9","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/chinese-startup-meicai-cfo-departure-104107157.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1149189859","content_text":"(Bloomberg) -- Meicai, a Chinese startup that connects vegetable farmers with restaurants, has recently lost its chief financial officer, casting uncertainty over its potential initial public offering.Wang Can, who was an executive director at Fosun International Ltd. and joined Meicai in July, left due to family reasons, the company said on Thursday. The Beijing-based startup is now looking for a new CFO, according to people familiar with the matter.Wang’s departure could potentially affect Meicai’s first-time share sale plans, which had been at an exploratory stage, the people said. The startup was considering raising about $300 million but hasn’t decided on a listing venue, said the people, who asked not to be identified as the information is private.A representative for Meicai said there’s no timeline for the company’s IPO.Meicai, which means “beautiful vegetable,” was founded in 2014 by rocket scientist Liu Chuanjun. Using a smartphone app, its customers can order produce such as bok choy and Sichuan peppercorns directly from farms, disrupting traditional wholesaling by cutting out middlemen. The company said it serviced more than 2 million restaurants in over 300 Chinese cities as of the end of 2020.The startup raised about $800 million in 2018 for a post-money valuation of $7 billion. Tiger Global Management, Hillhouse Capital, GGV Capital, Genesis Capital and CMC Capital Group are among its backers.Meicai is competing with Chinese food and grocery delivery startups that have attracted fresh capital as the coronavirus pandemic fueled demand with consumers taking shelter at home. Dingdong Maicai, a grocery app, is considering a U.S. IPO as soon as this year, Bloomberg News reported. Tencent Holdings Ltd. recently raised its stake in Chinese online grocery startup Xingsheng Youxuan, people familiar with the matter have said.Fresh-produce sourcing has also become a heated battlefield between startups like Meicai and on-demand services leader Meituan, which is counting on the segment to drive growth and anchor its food and restaurant management business. Meicai experimented with delivering fresh produce to retail clients’ doorsteps during the onset of the Covid-19 outbreak, but has since halted those operations to refocus on servicing restaurants.(Adds Tencent’s Xingsheng Youxuan investment in seventh paragraph.)","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":387950159,"gmtCreate":1613712593271,"gmtModify":1704883969229,"author":{"id":"3569896414932432","authorId":"3569896414932432","name":"Darrenong","avatar":"https://static.tigerbbs.com/92e9323694266c875ade57031797916d","vip":1,"crmLevel":5,"crmLevelSwitch":1,"authorIdStr":"3569896414932432","idStr":"3569896414932432"},"htmlText":"En","listText":"En","text":"En","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/387950159","repostId":1149189859,"repostType":4,"repost":{"id":"1149189859","kind":"news","pubTimestamp":1613704641,"share":"https://ttm.financial/m/news/1149189859?lang=&edition=fundamental","pubTime":"2021-02-19 11:17","market":"us","language":"en","title":"Startup Meicai’s CFO Departure Adds Uncertainty to IPO Plans","url":"https://stock-news.laohu8.com/highlight/detail?id=1149189859","media":"Bloomberg","summary":"(Bloomberg) -- Meicai, a Chinese startup that connects vegetable farmers with restaurants, has recen","content":"<p>(Bloomberg) -- Meicai, a Chinese startup that connects vegetable farmers with restaurants, has recently lost its chief financial officer, casting uncertainty over its potential initial public offering.</p><p>Wang Can, who was an executive director at Fosun International Ltd. and joined Meicai in July, left due to family reasons, the company said on Thursday. The Beijing-based startup is now looking for a new CFO, according to people familiar with the matter.</p><p>Wang’s departure could potentially affect Meicai’s first-time share sale plans, which had been at an exploratory stage, the people said. The startup was considering raising about $300 million but hasn’t decided on a listing venue, said the people, who asked not to be identified as the information is private.</p><p>A representative for Meicai said there’s no timeline for the company’s IPO.</p><p>Meicai, which means “beautiful vegetable,” was founded in 2014 by rocket scientist Liu Chuanjun. Using a smartphone app, its customers can order produce such as bok choy and Sichuan peppercorns directly from farms, disrupting traditional wholesaling by cutting out middlemen. The company said it serviced more than 2 million restaurants in over 300 Chinese cities as of the end of 2020.</p><p>The startup raised about $800 million in 2018 for a post-money valuation of $7 billion. Tiger Global Management, Hillhouse Capital, GGV Capital, Genesis Capital and CMC Capital Group are among its backers.</p><p>Meicai is competing with Chinese food and grocery delivery startups that have attracted fresh capital as the coronavirus pandemic fueled demand with consumers taking shelter at home. Dingdong Maicai, a grocery app, is considering a U.S. IPO as soon as this year, Bloomberg News reported. Tencent Holdings Ltd. recently raised its stake in Chinese online grocery startup Xingsheng Youxuan, people familiar with the matter have said.</p><p>Fresh-produce sourcing has also become a heated battlefield between startups like Meicai and on-demand services leader Meituan, which is counting on the segment to drive growth and anchor its food and restaurant management business. Meicai experimented with delivering fresh produce to retail clients’ doorsteps during the onset of the Covid-19 outbreak, but has since halted those operations to refocus on servicing restaurants.</p><p>(Adds Tencent’s Xingsheng Youxuan investment in seventh paragraph.)</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Startup Meicai’s CFO Departure Adds Uncertainty to IPO Plans</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStartup Meicai’s CFO Departure Adds Uncertainty to IPO Plans\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-19 11:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/chinese-startup-meicai-cfo-departure-104107157.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Meicai, a Chinese startup that connects vegetable farmers with restaurants, has recently lost its chief financial officer, casting uncertainty over its potential initial public offering...</p>\n\n<a href=\"https://finance.yahoo.com/news/chinese-startup-meicai-cfo-departure-104107157.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/22fb0a544aa253b668379d9f58bbe5a9","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/chinese-startup-meicai-cfo-departure-104107157.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1149189859","content_text":"(Bloomberg) -- Meicai, a Chinese startup that connects vegetable farmers with restaurants, has recently lost its chief financial officer, casting uncertainty over its potential initial public offering.Wang Can, who was an executive director at Fosun International Ltd. and joined Meicai in July, left due to family reasons, the company said on Thursday. The Beijing-based startup is now looking for a new CFO, according to people familiar with the matter.Wang’s departure could potentially affect Meicai’s first-time share sale plans, which had been at an exploratory stage, the people said. The startup was considering raising about $300 million but hasn’t decided on a listing venue, said the people, who asked not to be identified as the information is private.A representative for Meicai said there’s no timeline for the company’s IPO.Meicai, which means “beautiful vegetable,” was founded in 2014 by rocket scientist Liu Chuanjun. Using a smartphone app, its customers can order produce such as bok choy and Sichuan peppercorns directly from farms, disrupting traditional wholesaling by cutting out middlemen. The company said it serviced more than 2 million restaurants in over 300 Chinese cities as of the end of 2020.The startup raised about $800 million in 2018 for a post-money valuation of $7 billion. Tiger Global Management, Hillhouse Capital, GGV Capital, Genesis Capital and CMC Capital Group are among its backers.Meicai is competing with Chinese food and grocery delivery startups that have attracted fresh capital as the coronavirus pandemic fueled demand with consumers taking shelter at home. Dingdong Maicai, a grocery app, is considering a U.S. IPO as soon as this year, Bloomberg News reported. Tencent Holdings Ltd. recently raised its stake in Chinese online grocery startup Xingsheng Youxuan, people familiar with the matter have said.Fresh-produce sourcing has also become a heated battlefield between startups like Meicai and on-demand services leader Meituan, which is counting on the segment to drive growth and anchor its food and restaurant management business. Meicai experimented with delivering fresh produce to retail clients’ doorsteps during the onset of the Covid-19 outbreak, but has since halted those operations to refocus on servicing restaurants.(Adds Tencent’s Xingsheng Youxuan investment in seventh paragraph.)","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3607812,"gmtCreate":1613712964039,"gmtModify":1680777496159,"authorId":3575343781681994,"author":{"id":3575343781681994,"idStr":"3575343781681994","authorId":3575343781681994,"name":"White Cat","avatar":"https://community-static.tradeup.com/news/06d363ddd2da6266ae05f61b5862984a","vip":1,"crmLevel":5,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":387950159,"type":1,"supId":3607772,"prevId":0,"content":"<u>en</u>","text":"<u>en</u>","html":"<u>en</u>"},{"id":3607921,"gmtCreate":1613713953653,"gmtModify":1680777493980,"authorId":3564105303063302,"author":{"id":3564105303063302,"idStr":"3564105303063302","authorId":3564105303063302,"name":"ALi_BaBa","avatar":"https://static.tigerbbs.com/d89722c800111c9c885624fce940701f","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-3","templateUuid":"1026c425416b44e0aac28c11a0848493","name":" Tiger Idol","description":"Join the tiger community for 1500 days","bigImgUrl":"https://static.tigerbbs.com/8b40ae7da5bf081a1c84df14bf9e6367","smallImgUrl":"https://static.tigerbbs.com/f160eceddd7c284a8e1136557615cfad","grayImgUrl":"https://static.tigerbbs.com/11792805c468334a9b31c39f95a41c6a","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.11.04","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":7,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":3575343781681994,"repliedAuthor":{"id":3575343781681994,"idStr":"3575343781681994","authorId":3575343781681994,"name":"White Cat","avatar":"https://community-static.tradeup.com/news/06d363ddd2da6266ae05f61b5862984a","vip":1,"crmLevel":5,"crmLevelSwitch":1,"individualDisplayBadges":[]},"objectId":387950159,"type":1,"supId":3607772,"prevId":3607812,"content":"En","text":"En","html":"En"},{"id":3607772,"gmtCreate":1613712617176,"gmtModify":1680777492241,"authorId":3569896414932432,"author":{"id":3569896414932432,"idStr":"3569896414932432","authorId":3569896414932432,"name":"Darrenong","avatar":"https://static.tigerbbs.com/92e9323694266c875ade57031797916d","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-3","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Legendary Trader","description":"Total number of securities or futures transactions reached 300","bigImgUrl":"https://static.tigerbbs.com/656db16598a0b8f21429e10d6c1cb033","smallImgUrl":"https://static.tigerbbs.com/03f10910d4dd9234f9b5702a3342193a","grayImgUrl":"https://static.tigerbbs.com/0c767e35268feb729d50d3fa9a386c5a","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.28","exceedPercentage":"93.43%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":5,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":387950159,"type":1,"supId":0,"prevId":0,"content":"En","text":"En","html":"En"}],"langContent":"EN"},{"id":387994901,"gmtCreate":1613706558603,"gmtModify":1704883899894,"author":{"id":"3568594125296934","authorId":"3568594125296934","name":"Shadowlew","avatar":"https://static.tigerbbs.com/a6357275d10be24b2ee1c3ce28cecbc6","vip":1,"crmLevel":6,"crmLevelSwitch":0,"authorIdStr":"3568594125296934","idStr":"3568594125296934"},"htmlText":"Looking forward","listText":"Looking forward","text":"Looking forward","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/387994901","repostId":1149189859,"repostType":4,"repost":{"id":"1149189859","kind":"news","pubTimestamp":1613704641,"share":"https://ttm.financial/m/news/1149189859?lang=&edition=fundamental","pubTime":"2021-02-19 11:17","market":"us","language":"en","title":"Startup Meicai’s CFO Departure Adds Uncertainty to IPO Plans","url":"https://stock-news.laohu8.com/highlight/detail?id=1149189859","media":"Bloomberg","summary":"(Bloomberg) -- Meicai, a Chinese startup that connects vegetable farmers with restaurants, has recen","content":"<p>(Bloomberg) -- Meicai, a Chinese startup that connects vegetable farmers with restaurants, has recently lost its chief financial officer, casting uncertainty over its potential initial public offering.</p><p>Wang Can, who was an executive director at Fosun International Ltd. and joined Meicai in July, left due to family reasons, the company said on Thursday. The Beijing-based startup is now looking for a new CFO, according to people familiar with the matter.</p><p>Wang’s departure could potentially affect Meicai’s first-time share sale plans, which had been at an exploratory stage, the people said. The startup was considering raising about $300 million but hasn’t decided on a listing venue, said the people, who asked not to be identified as the information is private.</p><p>A representative for Meicai said there’s no timeline for the company’s IPO.</p><p>Meicai, which means “beautiful vegetable,” was founded in 2014 by rocket scientist Liu Chuanjun. Using a smartphone app, its customers can order produce such as bok choy and Sichuan peppercorns directly from farms, disrupting traditional wholesaling by cutting out middlemen. The company said it serviced more than 2 million restaurants in over 300 Chinese cities as of the end of 2020.</p><p>The startup raised about $800 million in 2018 for a post-money valuation of $7 billion. Tiger Global Management, Hillhouse Capital, GGV Capital, Genesis Capital and CMC Capital Group are among its backers.</p><p>Meicai is competing with Chinese food and grocery delivery startups that have attracted fresh capital as the coronavirus pandemic fueled demand with consumers taking shelter at home. Dingdong Maicai, a grocery app, is considering a U.S. IPO as soon as this year, Bloomberg News reported. Tencent Holdings Ltd. recently raised its stake in Chinese online grocery startup Xingsheng Youxuan, people familiar with the matter have said.</p><p>Fresh-produce sourcing has also become a heated battlefield between startups like Meicai and on-demand services leader Meituan, which is counting on the segment to drive growth and anchor its food and restaurant management business. Meicai experimented with delivering fresh produce to retail clients’ doorsteps during the onset of the Covid-19 outbreak, but has since halted those operations to refocus on servicing restaurants.</p><p>(Adds Tencent’s Xingsheng Youxuan investment in seventh paragraph.)</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Startup Meicai’s CFO Departure Adds Uncertainty to IPO Plans</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStartup Meicai’s CFO Departure Adds Uncertainty to IPO Plans\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-19 11:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/chinese-startup-meicai-cfo-departure-104107157.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Meicai, a Chinese startup that connects vegetable farmers with restaurants, has recently lost its chief financial officer, casting uncertainty over its potential initial public offering...</p>\n\n<a href=\"https://finance.yahoo.com/news/chinese-startup-meicai-cfo-departure-104107157.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/22fb0a544aa253b668379d9f58bbe5a9","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/chinese-startup-meicai-cfo-departure-104107157.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1149189859","content_text":"(Bloomberg) -- Meicai, a Chinese startup that connects vegetable farmers with restaurants, has recently lost its chief financial officer, casting uncertainty over its potential initial public offering.Wang Can, who was an executive director at Fosun International Ltd. and joined Meicai in July, left due to family reasons, the company said on Thursday. The Beijing-based startup is now looking for a new CFO, according to people familiar with the matter.Wang’s departure could potentially affect Meicai’s first-time share sale plans, which had been at an exploratory stage, the people said. The startup was considering raising about $300 million but hasn’t decided on a listing venue, said the people, who asked not to be identified as the information is private.A representative for Meicai said there’s no timeline for the company’s IPO.Meicai, which means “beautiful vegetable,” was founded in 2014 by rocket scientist Liu Chuanjun. Using a smartphone app, its customers can order produce such as bok choy and Sichuan peppercorns directly from farms, disrupting traditional wholesaling by cutting out middlemen. The company said it serviced more than 2 million restaurants in over 300 Chinese cities as of the end of 2020.The startup raised about $800 million in 2018 for a post-money valuation of $7 billion. Tiger Global Management, Hillhouse Capital, GGV Capital, Genesis Capital and CMC Capital Group are among its backers.Meicai is competing with Chinese food and grocery delivery startups that have attracted fresh capital as the coronavirus pandemic fueled demand with consumers taking shelter at home. Dingdong Maicai, a grocery app, is considering a U.S. IPO as soon as this year, Bloomberg News reported. Tencent Holdings Ltd. recently raised its stake in Chinese online grocery startup Xingsheng Youxuan, people familiar with the matter have said.Fresh-produce sourcing has also become a heated battlefield between startups like Meicai and on-demand services leader Meituan, which is counting on the segment to drive growth and anchor its food and restaurant management business. Meicai experimented with delivering fresh produce to retail clients’ doorsteps during the onset of the Covid-19 outbreak, but has since halted those operations to refocus on servicing restaurants.(Adds Tencent’s Xingsheng Youxuan investment in seventh paragraph.)","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":387077785,"gmtCreate":1613704901447,"gmtModify":1704883874790,"author":{"id":"3555131870993346","authorId":"3555131870993346","name":"Buylowlow","avatar":"https://static.tigerbbs.com/b30015aa5a2f079ecb4911f5595b0d3c","vip":1,"crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3555131870993346","idStr":"3555131870993346"},"htmlText":"Ohhhh","listText":"Ohhhh","text":"Ohhhh","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/387077785","repostId":1149189859,"repostType":4,"repost":{"id":"1149189859","kind":"news","pubTimestamp":1613704641,"share":"https://ttm.financial/m/news/1149189859?lang=&edition=fundamental","pubTime":"2021-02-19 11:17","market":"us","language":"en","title":"Startup Meicai’s CFO Departure Adds Uncertainty to IPO Plans","url":"https://stock-news.laohu8.com/highlight/detail?id=1149189859","media":"Bloomberg","summary":"(Bloomberg) -- Meicai, a Chinese startup that connects vegetable farmers with restaurants, has recen","content":"<p>(Bloomberg) -- Meicai, a Chinese startup that connects vegetable farmers with restaurants, has recently lost its chief financial officer, casting uncertainty over its potential initial public offering.</p><p>Wang Can, who was an executive director at Fosun International Ltd. and joined Meicai in July, left due to family reasons, the company said on Thursday. The Beijing-based startup is now looking for a new CFO, according to people familiar with the matter.</p><p>Wang’s departure could potentially affect Meicai’s first-time share sale plans, which had been at an exploratory stage, the people said. The startup was considering raising about $300 million but hasn’t decided on a listing venue, said the people, who asked not to be identified as the information is private.</p><p>A representative for Meicai said there’s no timeline for the company’s IPO.</p><p>Meicai, which means “beautiful vegetable,” was founded in 2014 by rocket scientist Liu Chuanjun. Using a smartphone app, its customers can order produce such as bok choy and Sichuan peppercorns directly from farms, disrupting traditional wholesaling by cutting out middlemen. The company said it serviced more than 2 million restaurants in over 300 Chinese cities as of the end of 2020.</p><p>The startup raised about $800 million in 2018 for a post-money valuation of $7 billion. Tiger Global Management, Hillhouse Capital, GGV Capital, Genesis Capital and CMC Capital Group are among its backers.</p><p>Meicai is competing with Chinese food and grocery delivery startups that have attracted fresh capital as the coronavirus pandemic fueled demand with consumers taking shelter at home. Dingdong Maicai, a grocery app, is considering a U.S. IPO as soon as this year, Bloomberg News reported. Tencent Holdings Ltd. recently raised its stake in Chinese online grocery startup Xingsheng Youxuan, people familiar with the matter have said.</p><p>Fresh-produce sourcing has also become a heated battlefield between startups like Meicai and on-demand services leader Meituan, which is counting on the segment to drive growth and anchor its food and restaurant management business. Meicai experimented with delivering fresh produce to retail clients’ doorsteps during the onset of the Covid-19 outbreak, but has since halted those operations to refocus on servicing restaurants.</p><p>(Adds Tencent’s Xingsheng Youxuan investment in seventh paragraph.)</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Startup Meicai’s CFO Departure Adds Uncertainty to IPO Plans</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStartup Meicai’s CFO Departure Adds Uncertainty to IPO Plans\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-19 11:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/chinese-startup-meicai-cfo-departure-104107157.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Meicai, a Chinese startup that connects vegetable farmers with restaurants, has recently lost its chief financial officer, casting uncertainty over its potential initial public offering...</p>\n\n<a href=\"https://finance.yahoo.com/news/chinese-startup-meicai-cfo-departure-104107157.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/22fb0a544aa253b668379d9f58bbe5a9","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/chinese-startup-meicai-cfo-departure-104107157.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1149189859","content_text":"(Bloomberg) -- Meicai, a Chinese startup that connects vegetable farmers with restaurants, has recently lost its chief financial officer, casting uncertainty over its potential initial public offering.Wang Can, who was an executive director at Fosun International Ltd. and joined Meicai in July, left due to family reasons, the company said on Thursday. The Beijing-based startup is now looking for a new CFO, according to people familiar with the matter.Wang’s departure could potentially affect Meicai’s first-time share sale plans, which had been at an exploratory stage, the people said. The startup was considering raising about $300 million but hasn’t decided on a listing venue, said the people, who asked not to be identified as the information is private.A representative for Meicai said there’s no timeline for the company’s IPO.Meicai, which means “beautiful vegetable,” was founded in 2014 by rocket scientist Liu Chuanjun. Using a smartphone app, its customers can order produce such as bok choy and Sichuan peppercorns directly from farms, disrupting traditional wholesaling by cutting out middlemen. The company said it serviced more than 2 million restaurants in over 300 Chinese cities as of the end of 2020.The startup raised about $800 million in 2018 for a post-money valuation of $7 billion. Tiger Global Management, Hillhouse Capital, GGV Capital, Genesis Capital and CMC Capital Group are among its backers.Meicai is competing with Chinese food and grocery delivery startups that have attracted fresh capital as the coronavirus pandemic fueled demand with consumers taking shelter at home. Dingdong Maicai, a grocery app, is considering a U.S. IPO as soon as this year, Bloomberg News reported. Tencent Holdings Ltd. recently raised its stake in Chinese online grocery startup Xingsheng Youxuan, people familiar with the matter have said.Fresh-produce sourcing has also become a heated battlefield between startups like Meicai and on-demand services leader Meituan, which is counting on the segment to drive growth and anchor its food and restaurant management business. Meicai experimented with delivering fresh produce to retail clients’ doorsteps during the onset of the Covid-19 outbreak, but has since halted those operations to refocus on servicing restaurants.(Adds Tencent’s Xingsheng Youxuan investment in seventh paragraph.)","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":387074756,"gmtCreate":1613704820275,"gmtModify":1704883873162,"author":{"id":"3553679778150469","authorId":"3553679778150469","name":"Kenny77","avatar":"https://static.tigerbbs.com/77c5e512c4b7983d3f3075d8ec4c2f2d","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3553679778150469","idStr":"3553679778150469"},"htmlText":"Oh no something fishy","listText":"Oh no something fishy","text":"Oh no something fishy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/387074756","repostId":1149189859,"repostType":4,"repost":{"id":"1149189859","kind":"news","pubTimestamp":1613704641,"share":"https://ttm.financial/m/news/1149189859?lang=&edition=fundamental","pubTime":"2021-02-19 11:17","market":"us","language":"en","title":"Startup Meicai’s CFO Departure Adds Uncertainty to IPO Plans","url":"https://stock-news.laohu8.com/highlight/detail?id=1149189859","media":"Bloomberg","summary":"(Bloomberg) -- Meicai, a Chinese startup that connects vegetable farmers with restaurants, has recen","content":"<p>(Bloomberg) -- Meicai, a Chinese startup that connects vegetable farmers with restaurants, has recently lost its chief financial officer, casting uncertainty over its potential initial public offering.</p><p>Wang Can, who was an executive director at Fosun International Ltd. and joined Meicai in July, left due to family reasons, the company said on Thursday. The Beijing-based startup is now looking for a new CFO, according to people familiar with the matter.</p><p>Wang’s departure could potentially affect Meicai’s first-time share sale plans, which had been at an exploratory stage, the people said. The startup was considering raising about $300 million but hasn’t decided on a listing venue, said the people, who asked not to be identified as the information is private.</p><p>A representative for Meicai said there’s no timeline for the company’s IPO.</p><p>Meicai, which means “beautiful vegetable,” was founded in 2014 by rocket scientist Liu Chuanjun. Using a smartphone app, its customers can order produce such as bok choy and Sichuan peppercorns directly from farms, disrupting traditional wholesaling by cutting out middlemen. The company said it serviced more than 2 million restaurants in over 300 Chinese cities as of the end of 2020.</p><p>The startup raised about $800 million in 2018 for a post-money valuation of $7 billion. Tiger Global Management, Hillhouse Capital, GGV Capital, Genesis Capital and CMC Capital Group are among its backers.</p><p>Meicai is competing with Chinese food and grocery delivery startups that have attracted fresh capital as the coronavirus pandemic fueled demand with consumers taking shelter at home. Dingdong Maicai, a grocery app, is considering a U.S. IPO as soon as this year, Bloomberg News reported. Tencent Holdings Ltd. recently raised its stake in Chinese online grocery startup Xingsheng Youxuan, people familiar with the matter have said.</p><p>Fresh-produce sourcing has also become a heated battlefield between startups like Meicai and on-demand services leader Meituan, which is counting on the segment to drive growth and anchor its food and restaurant management business. Meicai experimented with delivering fresh produce to retail clients’ doorsteps during the onset of the Covid-19 outbreak, but has since halted those operations to refocus on servicing restaurants.</p><p>(Adds Tencent’s Xingsheng Youxuan investment in seventh paragraph.)</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Startup Meicai’s CFO Departure Adds Uncertainty to IPO Plans</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStartup Meicai’s CFO Departure Adds Uncertainty to IPO Plans\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-19 11:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/chinese-startup-meicai-cfo-departure-104107157.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Meicai, a Chinese startup that connects vegetable farmers with restaurants, has recently lost its chief financial officer, casting uncertainty over its potential initial public offering...</p>\n\n<a href=\"https://finance.yahoo.com/news/chinese-startup-meicai-cfo-departure-104107157.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/22fb0a544aa253b668379d9f58bbe5a9","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/chinese-startup-meicai-cfo-departure-104107157.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1149189859","content_text":"(Bloomberg) -- Meicai, a Chinese startup that connects vegetable farmers with restaurants, has recently lost its chief financial officer, casting uncertainty over its potential initial public offering.Wang Can, who was an executive director at Fosun International Ltd. and joined Meicai in July, left due to family reasons, the company said on Thursday. The Beijing-based startup is now looking for a new CFO, according to people familiar with the matter.Wang’s departure could potentially affect Meicai’s first-time share sale plans, which had been at an exploratory stage, the people said. The startup was considering raising about $300 million but hasn’t decided on a listing venue, said the people, who asked not to be identified as the information is private.A representative for Meicai said there’s no timeline for the company’s IPO.Meicai, which means “beautiful vegetable,” was founded in 2014 by rocket scientist Liu Chuanjun. Using a smartphone app, its customers can order produce such as bok choy and Sichuan peppercorns directly from farms, disrupting traditional wholesaling by cutting out middlemen. The company said it serviced more than 2 million restaurants in over 300 Chinese cities as of the end of 2020.The startup raised about $800 million in 2018 for a post-money valuation of $7 billion. Tiger Global Management, Hillhouse Capital, GGV Capital, Genesis Capital and CMC Capital Group are among its backers.Meicai is competing with Chinese food and grocery delivery startups that have attracted fresh capital as the coronavirus pandemic fueled demand with consumers taking shelter at home. Dingdong Maicai, a grocery app, is considering a U.S. IPO as soon as this year, Bloomberg News reported. Tencent Holdings Ltd. recently raised its stake in Chinese online grocery startup Xingsheng Youxuan, people familiar with the matter have said.Fresh-produce sourcing has also become a heated battlefield between startups like Meicai and on-demand services leader Meituan, which is counting on the segment to drive growth and anchor its food and restaurant management business. Meicai experimented with delivering fresh produce to retail clients’ doorsteps during the onset of the Covid-19 outbreak, but has since halted those operations to refocus on servicing restaurants.(Adds Tencent’s Xingsheng Youxuan investment in seventh paragraph.)","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":80,"commentSize":14,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}