sina science and technology news January 24th evening news, according to Alibaba Earnings Disclosure, its local life service platform reputation has completed a round of $1 billion 100 million financing. It is reported that the reputation of this round of financing is the lead investor capital (Silver Lake) including Silver Lake (CDH Investments), CDH investments, Yunfeng Fund (Yunfeng Capital), Chunhua capital (Primavera Capital).
Silver Lake capital is one of the global science and technology field of large private equity fund, in China participated in the Alibaba group and ctrip.com business investment etc.. CDH investment is one of the largest private equity fund in China, has been involved in the investment Shuanghui, Qihoo 360, Mengniu, Midea Group, Nanfu, Focus Media and many other well-known brand enterprises.
for investment reputation, CDH investment director general manager Xie Fang believes that the domestic service areas of local life are undergoing essential changes, the traditional "group purchase" mode has been unable to generate business value, but the loss to a certain extent, the next line of business value. Word of mouth to help businesses do business under the concept of local life service industry is the real value of innovation. Platform based collaborative model also makes it possible to activate the activities of the participants, and use the unique data and technical advantages of word-of-mouth to enhance the efficiency of the business, thereby creating a thriving line of ecological. The reputation of the investment is the largest investment in the field of TMT CDH investment.
Silver Lake Investment Group Managing Director Wang Zheng said: "we are very honored, and more of the same concept of investment partners of the world, to support a strategic business unit of Alibaba. We believe that by virtue of its reputation, differences in data and technology driven business model, excellent management team, as well as Alibaba and ant gold clothing full support, can effectively improve the ecological industry, and achieve sustained growth."
CEO reputation fan Chi said that word of mouth will live in the local service industry solutions, data products continue to focus on investment, let the line business more intuitively feel the efficiency of Internet technology bring promotion. At the same time, reputation will be extended to partner more excellent third party, for the next line of business from the platform, marketing, supply chain service flow to service the whole industry chain, accelerate the establishment of a resource sharing service life of the local ecosystem.
Credit Suisse serves as the exclusive placement agent for this round of financing.
September 2015, Alibaba group and ant gold service group jointly funded the establishment of a local life service platform reputation, hoping to use the Internet to help achieve the transformation and upgrading of the data and product lines. Alipay App page second is "word-of-mouth" channel, users can find other local life service idle away in seeking pleasure in the "word of mouth".
word of mouth released data show that after a year and a half of development, the current reputation on the platform of the business has exceeded 150, the average daily trading volume has been sudden