Alibaba and DST led a $750m funding round in Nice Tuan.

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.