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Chinese online grocer Dingdong Maicai raises $330m in Vision Fund-led round Photo: Leonie Wise/Unsplash May 12, 2021 Chinese grocery app Dingdong Maicai on Wednesday announced it has raised $330 million in a Series D+ funding round led by SoftBank Vision Fund.  Including the latest financing, Dingdong Maicai has now raised over $1 billion in its Series D round. In April, it had pocketed $700 million from an investor group co-led by global investment firms DST Global and Coatue.  Cygnus Equity, which participated in Dingdong Maicai’s Series D round, was its advisor for the transaction.  Dingdong Maicai plans to use proceeds from its latest funding round to spruce up its supply chain. 

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