Tencent-backed Missfresh valued at $2.5b after shares slump in debut

Tencent-backed Missfresh valued at $2.5b after shares slump in debut

Tencent Holdings Ltd-backed Missfresh Ltd’s shares fell more than 18% in their U.S. stock market debut on Friday, giving the Chinese online grocery company a market capitalization of about $2.5 billion.