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Alibaba's local commerce platform, Koubei, raises $1.1 billion

Published by Techcrunch on Tue, 24 Jan 2017


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 isnt Read More
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