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Actionable news in BABA: ALIBABA GROUP HOLDING LIMITED,

58.com subsidiary raises $300M at $1B+ valuation; shares +4.3%

58.com's (NYSE:WUBA) 58 Home offline services subsidiary has raised $300M at a $1B+ valuation from Alibaba (NYSE:BABA), investment firms KKR and Ping An, and others. 58.com will maintain a majority stake in the unit.

58 Home provides access to services such as cleaning...


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