In the past 6 months alone, US$2 billion of funding went into companies in China’s fresh grocery retail sector. China is now leading the world’s grocery retail sector with a projected market value of US$1.8 trillion by 2023. As consolidation among existing players continues, we are excited to see new models emerge, accompanied by more PE deal flow in this sector over the next few years.
Sources/ Credits:
100EC.CN, sector is China Fresh Grocery E-commerce
IGD: China to become world’s largest grocery market by 2023
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