Wednesday, October 19, 2016

Alibaba is seeking US$1B to grow its local services platform Koubei

The move to let in external investors may set it on a path to be listed as a separate entity Chinese internet conglomerate Alibaba is seeking US$1 billion to fund the growth of its local services platform Koubei, according to a report by the Wall Street Journal. This injection of fresh capital could result in...
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