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Deals Rumor Mill: Alibaba, Tatts Group, Royal Dutch Shell

By Benjamin Horney (October 18, 2016, 7:36 PM EDT) -- Chinese e-commerce giant Alibaba Group Holding Ltd. intends to collect roughly $1 billion for a new fund that will focus on expanding the company's local-services platform, known as Koubei, according to a Tuesday report from Dow Jones. According to the report, the fundraise may value Koubei at almost $8 billion, and Credit Suisse Group AG has been tapped to help find investors. Koubei, established last summer, is aimed at China's local services market, with an initial focus on food delivery. The fundraise could ultimately lead to Alibaba being able to list Koubei's shares as a separate entity, the report added....

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