Alibaba doubles investment in Lazada – ValueWalk Premium
Alibaba

Alibaba doubles investment in Lazada

Chinese e-commerce giant Alibaba said Monday it will appoint one of its founders as head of Lazada and inject another $2 billion into Southeast Asia’s leading online shopping firm, boosting its regional expansion. Alibaba, which already owns 83 percent of Lazada with two investments totalling $2 billion as of June last year, has been trying to…



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