The grocery e-commerce marketplace’s latest round was co-led by Alibaba, and the proceeds will be used to boost its supply chain capabilities and product range.

E-commerce firm Alibaba and investment firm DST Global have co-led a $750m series D round for China-based grocery platform Nice Tuan, 100EC reported today.

Anatole Investment, CDH Investments, Cygnus Equity and DE Shaw took part in the round, as did Dragoneer, Franchise Capital, GGV Capital, Jeneration Capital and Kunlun Capital.

Founded in 2018 and also known as Shihuituan in Chinese, Nice Tuan runs an online community marketplace that helps users bulk-buy grocery items such as fruit and vegetables, meat and…

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Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.
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