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August 23, 2018 12:02 pm GMT

Alibaba confirms it raised $3B for its newly consolidated local services business

Alibaba has confirmed that it has raised $3 billion for its new-look local services business after it united its Koubei local services business with Ele.me, the on-demand delivery business it recently acquired. The company said it put the capital into the business alongsideSoftBank, according to a note within its financial results that were released today. […]

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/NicBAZ54m-A/

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