China’s Nice Tuan closes $81.4m Series C1 round led by GGV

Source: Andres Carreno/Unsplash

Five months after the completion of $88.3 million, Nice Tuan, a Chinese community e-commerce platform also known as Shihuituan, has secured another $81.4 million in a Series C1 round of financing led by global venture capital firm GGV Capital.

Shanghai-based venture capital firm Qiming Venture Partners, Chinese boutique investment bank Cygnus Equity, and INCE Capital Partners, a venture capital firm co-founded by former Qiming partner JP Gan in late 2019, participated in the investment, said the startup in a WeChat post on May 30.

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