Missfresh (Stock Code: MF) completed its listing on NASDAQ on June 25, 2021, offering 21 million American Depository Shares (ADS) in the IPO which represent 63 million common shares. As the Chinese legal adviser to the underwriter, Jingtian & Gongcheng fully participated in Missfresh’s listing and provided it with one-stop legal services.
Founded in November 2014, Missfresh is a technology-driven innovative community retailer, as well as a Chinese leading fresh food retail e-commerce platform. The company has established its Speedy Delivery cold chain logistics system integrating “urban sorting centers” with “community distribution centers”, to provide speedy cold chain distribution services to customers. With innovative technologies and business models, the company aims to be a representative digital community retail platform in China and boost the digital transformation of China's community retail industry. To further promote the digitalization of the whole community retail industry chain, Missfresh launched the intelligent fresh market business in the second half of 2020 and the retail cloud business in 2021, leveraging its core technical capabilities in the field of vertical retail, as well as its self-developed intelligent system - AI retail network, to further empower the community retail industry participants to achieve digital transformation.
Previously as the Chinese legal adviser to Missfresh, Jingtian & Gongcheng's legal team fully participated in multiple projects, including several rounds of funding from Angel Round to Pre-IPO Round, the spin-off of Mryitao from Missfresh, the setup of an industrial fund and outbound investment, and assisted Missfresh in developing into China's No. 1 listed fresh food e-commerce company.