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Hoping to Strike Gold Again, Silver Lake Leads Investment in Koubei

By Tony Seruga

Joseph Tsai, the chairman of Koubei and vice chairman Alibaba, at the New York Stock Exchange in 2014 for Alibaba’s initial public offering. CreditBrendan Mcdermid/Reuters

SAN FRANCISCO — The Alibaba Group provided the investment firm Silver Lake with a multibillion-dollar payday when the Chinese e-commerce giant went public two years ago.

Now, Silver Lake is betting that an investment in an Alibaba affiliate could help it strike gold once more.

The firm is leading a group in a $1.1 billion investment in Koubei, a business meant to help bring local services — from restaurants to local stores — even closer into Alibaba’s orbit. Earlier reports on the fund-raising effort said that any deal would value Koubei at about $8 billion…

Hoping to Strike Gold Again, Silver Lake Leads Investment in Koubei

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