Alibaba has grown into a diversified conglomerate that encompasses several multi-billion dollar affiliates from Ant Financial and AliCloud to Cainiao Logistics. Yesterday, the e-commerce titan announced a 1.1 billion USD financing round for its local life commerce arm Koubei.
Investors include Silver Lake, CDH Investments, Yunfeng Capital, and Primavera Capital. Alibaba’s billionaire founder Jack Ma is one of the founders of Yunfeng Capital. It is interesting to note that the current round marks the first money from external investors.
Although the exact amount contributed by each investor wasn’t clear, Xie Fang, managing director of CDH Investment, confirmed with local media that this is their largest single investment in the TMT sector.
Start your free trial now.
Get instant access to all our premium content, archives, newsletters, and online community.
Monthly Membership
Yearly Membership
What you get
Full access to all premium content and our full archives
Members'-only newsletters
Preferential access and discounts to all TechNode events
Direct access to the TechNode newsroom
Start your free trial now.
Get instant access to all our premium content, archives, newsletters, and online community.