Alibaba’s new on-demand online services unit said to be valued at $30b

A man walks past a reception desk at the Alibaba Group Holding Ltd. headquarters in Hangzhou, China, on Tuesday, Oct. 13, 2015. Photographer: Qilai Shen/Bloomberg

Alibaba Group’s newly formed on-demand online services unit has rocketed in value to as much as $30 billion after raising $4 billion in fresh funds, people with knowledge of the situation told Reuters.

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