Missfresh collapse fuels reboot of seafood snack-maker Shenghai

A scaling back in spending by China’s big online commerce corporations has allowed a leading Chinese seafood snack-maker to reboot its sales. 

China Shenghai Group has reported substantial sales recovery “attributable to the slowed industry consolidation” of China’s fast-growing snack market.

A major buyer of shrimp and squid for its dried seafood snacks business, Shenghai’s revenue from its food business surged in the first half of 2022 ... 

Photo courtesy of China Shenghai Group