Alibaba’s Koubei Said to Seek $1 Billion to Fund Expansion

Updated on
  • Neighborhood service Koubei adding more users, cities
  • Koubei said to seek valuation of $8 billion in fundraising

Alibaba Group Holding Ltd.’s affiliate Koubei is seeking to raise $1 billion of funding as it steps up its battle with China’s other web giants for neighborhood services, according to people familiar with the matter.

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