Alibaba to invest extra $2 billion in Lazada in aggressive Southeast Asian expansion

Alibaba to invest extra $2 billion in Lazada in aggressive Southeast Asian expansion

6 years ago
Anonymous $gIi3-PxxKB

https://www.reuters.com/article/us-alibaba-lazada-funding/alibaba-to-invest-extra-2-billion-in-lazada-in-aggressive-southeast-asian-expansion-idUSKBN1GV09W

Alibaba Group Holding Ltd said it will invest an additional $2 billion in Southeast Asian e-commerce firm Lazada Group and replace its chief executive, consolidating its control over the firm as it targets an aggressive expansion in the region.