Deals
Alibaba's Finance Arm Said to Seek at Least $1.5 Billion
- Second round of fundraising comes ahead of planned IPO
- Some money could be used for acquisitions, person says
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Alibaba Group Holding Ltd.’s finance affiliate is seeking at least 10 billion yuan ($1.5 billion) in a second round of fundraising ahead of a planned initial public offering, a person familiar with the matter said.