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Booming Chinese E-Grocer raises $750 million in an investment round led by Alibaba

In an investment round led by tech giant Alibaba and investment firm DTS Global, a Chinese e-grocer Nice Tuan, AKA Shi Hui Tuan, has raised $750 million. The Beijing-based digital firm has a group-buying business model. The digital app lets customers into a group through its WeChat mini-program to buy fresh produce and other groceries at competitive and negotiated prices.

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