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Alibaba Group Holding Ltd. injected $845 million into Lazada, its online retail business in Southeast Asia that’s facing intensifying competition from rivals such as Sea Ltd. and Amazon.com Inc.
BEIJING/BENGALURU (Reuters) - Alibaba Group Holding Ltd has agreed to buy a controlling stake in Southeast Asian online retailer Lazada Group for about $1 billion, its biggest deal overseas,...
Southeast Asia e-commerce website Lazada has received a $378.5 million injection from issuing new shares to its parent company Alibaba Singapore, according to DealStreetAsia, which reported...
Alibaba injects an additional $634 million into Lazada, its Southeast Asia arm, amid escalating regional competition, reports Tech in Asia. This latest investment brings Alibaba’s total injection into Lazada this year to over $1.8 billion.
Alibaba Group Holding Ltd. has unveiled ambitious objectives for its Southeast Asian arm Lazada, accelerating an overseas expansion to offset Chinese economic and regulatory headwinds.
Chinese e-commerce giant Alibaba has set a target for $100 billion in gross merchandise volume, the total sum of purchasing transactions, for its Southeast Asian marketplace Lazada.
SHANGHAI -- Alibaba has invested an additional $845.44 million into Southeast Asia e-commerce unit Lazada, the latest move by the Chinese group to bolster its position in the hotly contested...
The Chinese e-commerce leader is targeting a long-term goal of quintupling gross merchandise value (GMV), the sum of transactions across Lazada's platforms, to US$100 billion (S$136 billion ...
Founded in 2012, Lazada is a leading and fast-growing e-commerce platform in Southeast Asia that provides consumers with access to a broad range of offerings from local SMEs, and regional and global brands.
E-commerce giant Alibaba, which is undergoing a major business restructuring, has invested an additional US$845 million into Lazada, its online retail unit in Southeast Asia, as it eyes overseas...