Reuters logo
BRIEF-Alibaba to raise around $1 bln for its local-services platform Koubei - WSJ
October 18, 2016 / 9:06 AM / a year ago

BRIEF-Alibaba to raise around $1 bln for its local-services platform Koubei - WSJ

Oct 18 (Reuters) -

* Alibaba Group Holding is planning to raise around $1 billion to fund the expansion of its local-services platform Koubei - WSJ, citing sources

* The deal could value Koubei at nearly $8 billion - WSJ

* Alibaba Group hired Credit Suisse Group to reach out to a small group of prominent international investors for the deal- WSJ, citing sources

Source text - on.wsj.com/2e3JIXY

Further company coverage:

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below