The community buying service has raised money for the fourth time this year, this time in a series C3 round co-led by existing backer Alibaba.
E-commerce group Alibaba has co-led a $196m series C3 round for China-based community buying platform developer Nice Tuan with investment firm Jeneration Capital, DealStreetAsia reported today.
Kunlun Fund, CICC Capital, CDH Investments, GGV Capital, Joy Capital, Qiming Venture Partners, Ince Capital and boutique investment bank Cygnus Equity also took part in the round, for which Cygnus was also financial adviser.
Also known as Shihuituan, Nice Tuan operates a community-focused e-commerce platform that allows customers to band together through social media…
