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Alibaba's Finance Arm Said to Seek at Least $1.5 Billion

Updated on
  • Second round of fundraising comes ahead of planned IPO
  • Some money could be used for acquisitions, person says

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.

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