Koubei recorded a loss of RMB 237 million last quarter Alibaba has grown into a diversified conglomerate that encompasses several multi-billion dollar affiliates from Ant Financial and AliCloud to Cainiao Logistics. Yesterday, the e-commerce titan announced a US$1.1 billion financing round for its local life commerce arm Koubei. Investors include Silver Lake, CDH Investments, Yunfeng […]
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The post Alibaba’s lifestyle unit Koubei snags US$1.1B to accelerate local expansion appeared first on e27.
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