Alibaba weighs a $10 billion fundraising pitch for Freshippo Supermarkets

Alibaba weighs a $10 billion fundraising pitch for Freshippo Supermarkets

Bloomberg reports that Alibaba is considering raising funds for its Freshippo grocery chain in China, which has an estimated valuation of $10 billion. A funding round is expected to take place in February, according to sources. According to Bloomberg, Alibaba will retain a majority stake in the business.

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