According to foreign media reports, Alibaba Group plans to raise approximately US$ 1 billion to expand its reputation as a local service platform that mainly provides take-away O2O food delivery services. After this financing, word of mouth's valuation may be close to 8 billion US dollars.
According to informed sources, Ali has hired Credit Suisse Group and several internationally renowned investors to approach the deal. Although the terms of the relevant transaction have not yet been finalized, new financing may introduce external investors for word of mouth, thus establishing a valuation benchmark. The arrival of external investment will make word of mouth an independent entity and go public.
The operating funds of Koubei, which was established in June 2004, mainly come from Alibaba and its financial affiliate Ant Financial. On June 23, 2015, Alibaba and Ant Financial jointly invested approximately US$1 billion in Word of mouth and each held 50% of the equity of the joint venture company. A year later, Alibaba and Ant Financial were hungry for the O2O take-away platform and invested US$1.25 billion.
In April of this year, when I was hungry, I claimed that I had received 1.25 billion U.S. dollars in financing for Alibaba and Ant Financial Services (Alibaba invested 900 million U.S. dollars, ants invested 350 million U.S. dollars). Together they accounted for 28% of the shares. When we were hungry, we were valued at about 4.5 billion. Dollars. The word-of-mouth food delivery service will provide operational support from hungry, but it will still maintain its independent operation and development while hungry. It will also cooperate with Ant Financial Services in terms of credit, insurance, and financial loans.
Ali stated in the latest financial report that, as of the second quarter of 16 years, word of mouth's payment in Alipay reached US$5 billion, an increase of 48% from the previous quarter. In addition, Alibaba’s reputation for word-of-mouth losses was US$37 million.