News Snapshot:
(Bloomberg) -- Meicai, a Chinese startup that connects vegetable farmers with restaurants, has recently lost its chief financial officer, casting uncertainty over its potential initial public offering. Wang Can, who was an executive director at Fosun International Ltd. and joined Meicai in July, left due to family reasons, the company said on Thursday. The Beijing-based startup is now looking for a new CFO, according to people familiar with the matter. Wang’s departure could potentially affect Meicai’s first-time share sale plans, which had been at an exploratory stage, the people said. The startup was considering raising about $300 million but hasn’t...
