China Online Grocer DMall Said to Seek Funds at $2 Billion Value
- Groceries firm works with over 100 supermarket chains
- Produce home delivery boosted by coronavirus pandemic
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Beijing DMall E-commerce Co., the fresh produce online platform owned by Chinese retail giant Wumei Holdings Inc., is seeking to raise as much as $600 million in a new funding round, according to people familiar with the matter.
The round could value DMall at about $2 billion before the investment, the people said, who asked not to be identified because the information is private.