Equities

Reuters reveals Alibaba's on-demand online services unit valued at $30 billion

Reuters reveals Alibaba's on-demand online services unit valued at $30 billion

Reuters was first to report Alibaba Group’s newly formed on-demand online services unit rocketing in value to as much as $30 billion after raising $4 billion in fresh funds. More than $3 billion of the new funds came from Alibaba itself and SoftBank’s Vision Fund, sources told Reuters.