The Alibaba-founded online services platform is set to raise the funding from Silver Lake Management, CIC, Primavera Capital and CDH Investments at an $8bn valuation.
Koubei, the on-demand services provider launched by China-based e-commerce firm Alibaba, is set to raise up to $1.2bn from investors including private equity firm Silver Lake Management, Bloomberg has reported.
China Investment Corporation (CIC), the country’s sovereign wealth fund, is also set to take part in the round, as are Primavera Capital Group and CDH Investments, people familiar with the matter told Bloomberg, adding that the round would value Koubei at $8bn.
Launched in June 2015 with $1bn of funding…
