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HONG 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 situation told Reuters HONG 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 NegativeHONG 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