 NEW YORK, Nov. 05, 2019 GLOBE NEWSWIRE -- iFresh, Inc. iFresh or the Company IFMK, a leading Asian American grocery supermarket chain and online grocer, received news regarding an ongoing investigation of Zhejiang Xiaotai Technology Co. Ltd. Zhejiang Xiaotai by the Hangzhou Police Department, Binjiang Branch the Hangzhou Police through a public notice released by the Hangzhou Police on November 2, 2019. Zhejiang Xiaotai is alleged to have conducted illegal fundraising from the public. The report also stated that several executives of Zhejiang Xiaotai have been detained and are being held in custody. 