How much funding has Alibaba Local Services raised?

Alibaba Local Services has raised $3.0B in total funding, most recently a Corporate Round.

Who are Alibaba Local Services's investors?

Alibaba Local Services's investors include Alibaba Group, SoftBank.

When was Alibaba Local Services founded?

Alibaba Local Services was founded in 2018.

Where is Alibaba Local Services headquartered?

Alibaba Local Services is headquartered in Hangzhou, China.

What industry is Alibaba Local Services in?

Alibaba Local Services operates in E-Commerce.

Alibaba Local Services

Hangzhou, China · Founded 2018 · $3.0B raised

E-Commerce

Headquarters: Hangzhou
Founded: 2018
Business Model: Marketplace

Total Funding: $3.0B
Last Round: $3.0B Corporate RoundAug 2018
Rounds: 1

About

Alibaba Local Services Company was formed in October 2018 by merging Alibaba's food delivery platform Ele.me with its local services and reviews platform Koubei, backed by a $3 billion investment from Alibaba and SoftBank. The combined local-life-services platform connects consumers with food delivery, dining reviews, and neighborhood services across cities in China.

Summary

Alibaba Local Services is an E-Commerce company based in Hangzhou, China, founded in 2018. It has raised $3.0B in total across 1 round, most recently a $3.0B Corporate Round round in Aug 2018. Investors include Alibaba Group and SoftBank.