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4 April 2014

Alibaba grabs Lyft stake as it invests in $250m VC round

Ride sharing app operator Lyft has raised $250m in its latest venture capital round, while Alibaba makes yet another large investment.

Author: Robert Lavine, News Editor

US-based ride sharing company Lyft has secured $250m in a round supported by China-based e-commerce company Alibaba, according to a post on its company blog yesterday.