Alibaba’s Koubei Attracts Big Names in Upcoming Round

Posted on 12/23/2016

Chinese internet behemoth Alibaba Group Holding Ltd. is assembling a group of investors for a US$ 1.2 billion potential round in its on-demand services unit called Koubei. Koubei operates in the cutthroat world of food delivery. In Chinese, Koubei means “word of mouth reputation.” This impending round could value Koubei at roughly US$ 8 billion. […]

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