Alibaba has taken part in an $88.3m round for the community e-commerce platform that came five months after its merger with counterpart Niwoning.
China-based, community-focused e-commerce platform Nice Tuan has secured $88.3m in funding from investors including e-commerce group Alibaba, DealStreetAsia has reported.
Venture capital firms Qiming Venture Partners and China Growth Capital, VC fund ZhenFund and investment firms Joy Capital and Ince Capital also contributed to the round.
Founded in April 2018 and also known as Shihuituan, Nice Tuan runs an online platform that sells products such as food, household goods and cosmetics through a model that allows customers to link together…
