Community group buying platform Nice Tuan is shuttering operations in some cities and laying off staff amid tougher competition from tech giants in the community group buying industry. Photo: Handout
Community group buying platform Nice Tuan is shuttering operations in some cities and laying off staff amid tougher competition from tech giants in the community group buying industry. Photo: Handout
Alibaba

Alibaba-backed community group buying start-up Nice Tuan ceases operations in some cities, lays off workers

  • Nice Tuan employees said the firm is halting operations in multiple cities amid higher competition and setbacks from Beijing’s tech crackdown
  • Once a darling of the community group buying industry, the Alibaba-backed start-up has found it tough to compete against tech giants Meituan, Pinduoduo and Didi

Community group buying platform Nice Tuan is shuttering operations in some cities and laying off staff amid tougher competition from tech giants in the community group buying industry. Photo: Handout
Community group buying platform Nice Tuan is shuttering operations in some cities and laying off staff amid tougher competition from tech giants in the community group buying industry. Photo: Handout
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