Announced
Completed
Financials
Sources
Tags
groceries
Friendly
E-commerce
Venture Capital
Acquisition
Minority
Domestic
China
e-commerce
Private
Private Equity
Completed
Single Bidder
Synopsis
Alibaba and DST Global, a private equity firm, led a $750m funding round in Nice Tuan, a Chinese grocery application. Other investors in the round include GGV Capital, DE Shaw, Anatole Investment, Jeneration Capital, Dragoneer, CDH Investments, Kunlun Capital, Franchise Capital, and Cygnus Equity. Nice Tuan will use the funding to bolster its supply chain and increase fresh produce offerings.
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