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January 24, 2017 01:26 pm GMT
Alibaba just reporteda very impressive quarter of business, but there was a small nugget of notable funding news tucked away in its announcement. Koubei, an Alibaba affiliate company focused on enabling local commerce, closed a $1.1 billion financing round this month. The funding was led bySilver Lake, CDH Investments, Yunfeng Capital and Primavera Capital, Alibaba said. It isn’t… Read More
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/6NrXDPJnvOU/
Alibabas local commerce platform, Koubei, raises $1.1 billion
Alibaba just reporteda very impressive quarter of business, but there was a small nugget of notable funding news tucked away in its announcement. Koubei, an Alibaba affiliate company focused on enabling local commerce, closed a $1.1 billion financing round this month. The funding was led bySilver Lake, CDH Investments, Yunfeng Capital and Primavera Capital, Alibaba said. It isn’t… Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/6NrXDPJnvOU/
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