在线国产一区二区_成人黄色片在线观看_国产成人免费_日韩精品免费在线视频_亚洲精品美女久久_欧美一级免费在线观看

USEUROPEAFRICAASIA 中文雙語Fran?ais
Business
Home / Business / Technology

Silver Lake to join $1.2b round in key Alibaba arm

China Daily | Updated: 2016-12-24 06:57

Silver Lake to join $1.2b round in key Alibaba arm

A visitor walks past the stand of Alibaba's online to offline (O2O) service platform Koubei during an expo in Hangzhou city, Zhejiang province, Oct 30, 2015. [Photo/IC]

Alibaba Group Holding Ltd's on-demand services unit is close to securing $1.2 billion of funding for expansion after getting backing from first-time investors including Silver Lake Management and China's sovereign wealth fund, people familiar with the matter said.

The latest round for Koubei, which deals in local services such as food delivery, will surpass a $1 billion target with backing from China Investment Corp, according to the people, who asked not to be named because the matter is private. The round also includes Yunfeng Capital, a fund backed by Alibaba co-founder Jack Ma, and values the two-year-old startup at about $8 billion, they said.

Silver Lake, the largest technology-focused private equity firm, was an early investor in Alibaba but typically eschews early-stage backing for Chinese startups. On-demand local services have attracted major spending in past years and have become a costly battleground for Chinese internet companies from Alibaba to Tencent Holdings Ltd, as more people turn to the web to order take-out, schedule beauty treatments and hire domestic helpers.

Beijing-based Primavera Capital Group and CDH Investments are also investing in Koubei's round, the people said.

Fred Hu, chairman of Primavera, confirmed the company is an investor in Koubei without elaborating. Silver Lake declined to comment while CIC, CDH and Yunfeng didn't respond to requests for comment.

Baidu Inc is the other big player in a loosely defined "online-to-offline" market that's expected to reach 7.28 trillion yuan ($1 trillion) by 2017. Chinese users of location-based services could rise 29 percent to 400 million people next year, according to Shanghai-based internet consultant iResearch.

The intense competition for online consumption requires billions of dollars in marketing, subsidies and other incentives to encourage spending. It's also heightening tensions between the country's largest internet players.

Bloomberg

 

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 欧美中文日韩 | 天天天综合网 | 美足av| 日本不卡中文字幕 | 91九色视频在线 | 日本久久精品视频 | 精品一区二区视频 | 免费不卡视频 | 亚洲国产精品成人 | 久久综合狠狠综合久久综合88 | 国产成人啪精品午夜在线观看 | 九九热精品在线 | 性视频网| 久久人人爽爽人人爽人人片av | 神马久久久久久久久 | 精品不卡一区 | 成人欧美一区二区三区在线观看 | 97人人爱| 精品日韩一区二区三区免费视频 | www.久久久 | www.日韩av.com | 一区免费看 | 欧美三级 欧美一级 | 国产成人精品一区二三区四区五区 | 天天草夜夜 | 成人不卡视频 | 中文字幕av一区二区 | 一区二区三区四区在线 | 成年人福利| 日韩三区| 国产亚洲女人久久久久毛片 | 国产精品久久久久久久久久免费 | 亚洲综合在线视频 | 黄色毛片看看 | 特黄特黄视频 | 国产精品美女久久久久久久网站 | 精品久久久久久久久久久久久久 | 91视频免费观看入口 | 鲁一鲁影院| 日本一区二区三区视频在线 | 国产高清一级毛片在线不卡 |