[Business Records] The stock price plummeted and orders could not be placed. Daily Excellent Fresh was "disbanded"?
China News Service, July 29 (Xie Yiguan, a reporter from China-Singapore Finance and Economics) Following the daily notification of service changes on the homepage of Youxian, the delivery time was changed from the original support of 30 minutes to the fastest delivery the next day. On the evening of the 28th, China-Singapore A financial reporter tried to buy goods on the Daily Youxian app, but found that he could not place an order successfully.
What happened inside Daily Fresh?
Daily Youxian App cannot place orders, and no customer service is online during working hours
At 21:00 on the evening of the 28th, the reporter tried to purchase goods on the Daily Youxian APP with multiple delivery addresses. After adding the goods to the shopping cart, when it came to the payment link, it would display "Sorry, the goods purchased in this order are not available under the current address. goods."
Screenshots from the Daily Fresh App.
At 21:30 on the evening of the 28th, the reporter tried to ask the online customer service. The customer service page showed that there was no customer service online.
But the page shows, "Xiao Xian's working hours are 9:00-22:00."
The reporter called Daily Youxian customer service, but no one answered.
The fastest daily delivery of fresh products has become "next day delivery"
Just on the morning of the 28th, for the delivery time from the original support of 30 minutes to the fastest next-day delivery, the daily Youxianke customer service confirmed to Zhongxin Finance that due to business adjustments, there is no speedy delivery business for the time being. Consumers can Pay attention to the special products of Yunchao in the APP to purchase, and the fastest delivery is the next day.
As for whether the speedy business will resume, the customer service said that you need to pay attention to the APP prompt.
In addition, the customer service also said that all stores across the country are currently closed.
Daily Youxian "disbanded"? Responded to business and organizational adjustments
On the afternoon of the 28th, it was reported that Daily Youxian held an internal 20-minute online meeting. The content of the meeting showed that since the previously announced financing events are still being coordinated, the financing has not yet arrived, and there are some financial problems in the company; most of the company's employees The working hours will end on July 28, leaving only a few people to take over the company's business and deal with follow-up matters.
Regarding the news of the "dissolution" of Daily Youxian, the staff of Daily Youxian responded to the media that the company adjusted its business and organization with the goal of achieving profitability.
Businesses such as next-day delivery, smart vegetable market, and retail cloud will not be affected.
Due to business adjustment, some employees have resigned. The company is currently actively seeking all possible solutions to protect the rights and interests of employees to the greatest extent.
Recently, Daily Youxian announced that it has signed a strategic investment agreement with Shanxi Donghui Group.
According to the agreement, Shanxi Donghui Group plans to make an equity investment of RMB 200 million in Daily Youxian.
Stock prices plummet, facing delisting crisis
According to public information, Beijing Daily Fresh E-Commerce Co., Ltd. was established in October 2014 with a registered capital of about 3.195 billion yuan and is wholly-owned by Missfresh HK Limited.
In December 2014, Daily Youxian received USD 5 million in angel round financing; in May 2015, it received USD 10 million in Series A financing led by Tencent, and has since obtained multiple rounds of financing, including Tencent, Tiger Global Fund, Zhejiang Merchants Venture capital and other well-known institutions.
With the support of capital, in the first half of 2018, the proportion of users in the fresh food e-commerce industry has exceeded 50%, leading the industry for four consecutive quarters.
In 2019, the business covered about 20 cities, with about 5,000 pre-positions at the peak.
In June 2021, Daily Youxian was listed on the Nasdaq in the United States at an issue price of US$13, becoming the "first fresh food e-commerce stock".
However, the listing was the peak. Since then, the share price of Daily Youxian has continued to decline, falling below $1 in April this year.
Before the U.S. stock market opened on July 28, Daily Youxian fell by more than 40%. After the opening, it once fell by nearly 50%. As of press time, it was still down nearly 40% to US$0.142.
Daily stock price chart of Youxian.
The stock price has fallen to the "floor", and Daily Youxian is also facing the crisis of delisting.
On May 24th, Daily Youxian announced that on May 19th, Daily Youxian received a notice from the Nasdaq Exchange that it “does not meet the requirements for continued listing” because it did not submit its 2021 annual report in time; On the 2nd, Daily Youxian received a "delisting" notice from Nasdaq again, because the closing price for the past 30 consecutive trading days was lower than the 1 US dollar listed on Nasdaq.
As of July 28, Daily Youxian has not yet released a financial report.
The data shows that from 2018 to 2020, the daily net losses of Yuxian are 2.232 billion yuan, 2.909 billion yuan and 1.649 billion yuan respectively.
In the first three quarters of 2021, there is another loss of 3.017 billion yuan. After all, the daily loss of Youxian has reached nearly 10 billion yuan.
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