Alibaba’s local services platform Koubei completes $1.1b round
Koubei, a China online-to-offline (O2O) local services platform backed by Alibaba Group, has completed a $1.1 billion funding round led by Silver Lake, CDH Investments, Yunfeng Capital and Primavera Capital.
The round, which was completed this month, provides Koubei with a strong capital base to execute on its aggressive growth strategy, Alibaba said in its financial report. Singapore’s Temasek Holdings...
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