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Alibaba said in August it had received commitments of more than billion from investors including itself and SoftBank Alibaba said in August it had received commitments of more than billion from investors including itself and SoftBank NeutralHONG KONG Alibaba Groups newly formed ondemand online services unit has rocketed in value to as much as billion after raising billion in fresh funds people with knowledge of the situation told Reuters http://www.reuters.com/finance/dealshttps://www.reuters.com/article/us-alibaba-local-services-fundraising/alibabas-on-demand-online-services-unit-valued-at-30-billion-sources-idUSKCN1ND0GE2018-11-09