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Alibaba Group Holdings’ (NYSE:BABA) On-Demand Services Unit Is Close To Securing $1.2 Billion Of Funding For Expansion – Seneca Globe

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 […]

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.

Source: Alibaba Group Holdings’ (NYSE:BABA) On-Demand Services Unit Is Close To Securing $1.2 Billion Of Funding For Expansion – Seneca Globe

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