Chinese community e-commerce firm Nice Tuan nets $80m in third funding in 2020

Nice Tuan, a Chinese community e-commerce platform also known as Shihuituan, has secured $80 million in a Series C2 round of financing led by the country’s alternative asset management firm CDH Investments, bringing the total capital raised by the startup to nearly $300 million.

Global venture capital firm GGV Capital, INCE Capital, an investment firm created by former Qiming executive JP Gan, and CMBC International, a subsidiary of China Minsheng Bank, participated in the new round, CDH Investments announced in a WeChat post on Wednesday.

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