Alibaba doubles Lazada investment to $4 billion in aggressive Southeast Asian expansion

Alibaba doubles Lazada investment to $4 billion in aggressive Southeast Asian expansion

6 years ago
Anonymous $gIi3-PxxKB

https://www.reuters.com/article/us-alibaba-lazada-funding/alibaba-doubles-lazada-investment-to-4-billion-in-aggressive-southeast-asian-expansion-idUSKBN1GV09W

Alibaba Group Holding Ltd said it will invest an extra $2 billion in Southeast Asian e-commerce firm Lazada Group and tapped a top executive to run the business, as it takes on rivals such as tech titan Amazon in an aggressive expansion in the region.