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Tencent-Backed Online Grocery App MissFresh Raises $495 Million

By
Juro Osawa
· · Source: Bloomberg

MissFresh, a Chinese online grocery startup backed by Tencent, has completed its latest funding round raising $495 million, Bloomberg reported. China International Capital Corp. led the investment round, which also included the asset management arm of Goldman Sachs, Tiger Global and other investors, according to Bloomberg. Even though the coronavirus pandemic has created challenges for China’s...

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Sumo Logic Cuts Staff After Francisco Partners Takeover
By Paris Martineau and Maria Heeter · June 10, 2023 7:30 AM PDT
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Data analytics software company Sumo Logic made widespread layoffs this week, according to people familiar with the matter and an email to staff viewed by The Information, less than a month after private equity firm Francisco Partners bought the company for $1.7 billion. The exact size of the cuts couldn’t be learned. Chief Executive Joe Kim, who was named CEO three days after the...
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