Shanghai’s Locked-Down Elite Are Joining Hunt for Groceries
- One of country’s top venture capitalists seeks bread on WeChat
- Some residents get groceries, while parts of city miss out
Neighborhood volunteers transport bags of vegetables delivered by the government during lockdown in Shanghai, April 3.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
Even the wealthy are struggling to buy food as Shanghai’s lockdown drags on.
Kathy Xu, one of China’s top venture capitalists and an investor in grocery businesses including Meituan, Yonghui Superstores Co. and DingDong Maicai, turned to a community WeChat group to get bread and milk, according to a post seen and verified by Bloomberg News. Capital Today, the company she founded and which manages $2.5 billion, didn’t immediately respond to a request for comment.