Oct 18 (Reuters) -
* Alibaba Group Holding is planning to raise around $1 billion to fund the expansion of its local-services platform Koubei - WSJ, citing sources
* The deal could value Koubei at nearly $8 billion - WSJ
* Alibaba Group hired Credit Suisse Group to reach out to a small group of prominent international investors for the deal- WSJ, citing sources
Source text - on.wsj.com/2e3JIXY
Further company coverage:
AT&T reaches deal to buy Time Warner for more than $80 billion -WSJ
Oct 22 AT&T Inc reached a deal to buy media company Time Warner Inc for more than $80 billion, The Wall Street Journal reported on Saturday.
Trump vows to weaken U.S. media 'power structure' if elected
GETTSYBURG, Pa. , Oct 22 U.S. Republican presidential candidate Donald Trump promised on Saturday to foil a proposed deal for AT&T Inc to buy Time Warner Inc if he wins the Nov. 8 election, arguing it was an example of a "power structure" rigged against both him and voters.