The Tencent and Lenovo-backed online grocery retailer could reportedly raise up to $1bn through a US initial public offering.

Internet group Tencent and electronics producer Lenovo could exit China-based online grocery retailer MissFresh, which has confidentially filed for an initial public offering in the United States, IPO Zaozhidao has reported. The company is expected to formally file for the offering by mid-June this year and is reportedly seeking between $500m and $1bn through the…

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