Weekly Focus: Alibaba Bolsters SEA Focus with Lazada Investment Boost

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This week, Alibaba Group takes the spotlight with its USD$2bn (£1.44bn) investment in Singapore-headquartered e-commerce operator Lazada, as it ramps up it expansion plans for Southeast Asia.

This would push its total investment to USD$4bn (£2.88bn), following its initial USD$1bn (£721.79m) purchase in 2016, for a controlling 51% stake in Lazada Group and another USD$1bn last year that drove up its share to 83%.

Alibaba said the latest fund injection would “accelerate” its expansion plans for Lazada in Southeast Asia, which […]

The post Weekly Focus: Alibaba Bolsters SEA Focus with Lazada Investment Boost appeared first on ExchangeWire.com.


Via ExchangeWire

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