Alibaba, DST lead $750m investment in Chinese grocery app Nice Tuan

Photo: Clem Onojeghuo/ Unsplash

Alibaba Group Holding Ltd. and DST Global led a $750 million investment round for Chinese grocery app Nice Tuan to help the startup expand in the increasingly competitive industry.

Nice Tuan, also known as Beijing Shihui Technology Co., attracted funding from others including D.E. Shaw & Co., Anatole Investment, and Jeneration Capital, the company said.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter