Alibaba wants $1 billion for its local services platform Koubei (BABA)

BII This story was delivered to BI Intelligence "E-Commerce Briefing" subscribers. To learn more and subscribe, please click here. China-based e-commerce giant Alibaba is reportedly looking to raise $1 billion in new funding for its mobile-based local services platform Koubei, reports The Wall Street Journal.  The platform is aimed at connecting mobile users with offline businesses, including food and grocery delivery. Expanding Koubei can help strengthen this revenue stream for Alibaba as Chin...