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Following labor dispute scandals, trade union urges China's top internet companies to prioritize employees
Alibaba, Tencent, Baidu, JD.com, Didi, and Ele.me are among the 14 companies
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The Japan-focused cross-border e-commerce platform will use the fresh cash for operations, marketing, and team building.
The company is angling for a boost of its profile in the fintech sector.
Nice Tuan merged with another group-buying platform called Niwonin late last year.
Its initial public offering price is set between USD14.50 and USD16.50.
Xiaomi follows other Chinese major tech companies such as Ant Financial, ByteDance, and Razer.
The strategic cooperation will allow Baidu to apply its artificial intelligence technologies in China's financial sector on a large scale.
A price war is around the corner.
Taoxiaopu lets anyone become a stockless online merchant.