(Reuters) - Alibaba Group Holding Ltd's cloud division is weighing a private round to raise funds from Chinese state-owned enterprises ahead of the ...
STORY CONTINUES BELOW THESE SALTWIRE VIDEOS - Alibaba Group Holding Ltd's cloud division is weighing a private round to raise funds from Chinese state-owned enterprises ahead of the business' market debut in Hong Kong,
Bloomberg News reported on Monday. The tech giant is working with advisers on a potential Cloud Intelligence Unit fundraising that could mop up about 10-20 billion yuan , the report said, citing people with knowledge of the matter.
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