Alibaba-backed e-commerce company Nice Tuan has raised its third funding round this year, adding $80m to its coffers that now contain almost $300m in total.
Nice Tuan, a China-based group buying e-commerce platform backed by internet group Alibaba, has raised $80m in a series C2 round led by asset manager CDH Investments, DealStreetAsia reported today.
GGV Capital, Ince Capital, and CMBC International, a subsidiary of China Minsheng Bank, also contributed to the round.
Founded in 2018 and also known as Shihuituan, Nice Tuan has built an e-commerce platform that focuses on consumers buying products in groups to receive bulk discounts. The company claims to be…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
