日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

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: 91福利视频导航 | 欧美黑人猛猛猛 | 亚洲伊人影院 | 国产九九 | 在线成人影视 | 国产又粗又长又黄视频 | 400部精品国偷自产在线观看 | 午夜伦理| 亚洲精品蜜桃 | 久久精品3 | 亚洲最大福利网 | 青青草视频免费 | 婷婷综合激情 | 国产成人区 | 欧美a级在线观看 | 久久久国产精品免费 | 国产精品9999 | 草草视频在线 | 中文字幕av观看 | 久久伊人国产 | 天天草夜夜草 | 亚洲20p| 最新色网址 | 男人的天堂久久久 | 51.cc网站入口永久入口 | 日韩精品在线观看视频 | 黄色污网站在线观看 | 精品国产乱码 | 六月丁香综合 | 国产精品亚洲一区二区三区 | 日日碰狠狠添天天爽 | 亚洲精品综合在线 | 自拍天堂 | 免费天堂av | 日韩中出| 最新在线视频 | 久草a在线 | 日韩精品国产一区二区 | 成人免费网站视频 | 在线观看国产区 | 美女av在线免费观看 |