Disputes, Employee Misconduct Rattle Centerview’s Silicon Valley DreamsRead more

Briefing
e-commerce asia

Alibaba-Backed Grocery App Scales Back Operations, Lays Off Staff

By
Juro Osawa
· · Source: South China Morning Post

Nice Tuan, a Chinese online grocery app backed by e-commerce giant Alibaba, has ceased operations in some cities and laid off workers amid the Chinese government’s regulatory crackdown that has affected the fast-growing sector, the South China Morning Post reported. Nice Tuan is one of China’s major online grocery services that are based on a business model known as community group buying,...

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