Alibaba to invest extra $2 billion in Lazada in aggressive Southeast Asian expansion
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.
Alibaba to invest extra $2 billion in Lazada in aggressive Southeast Asian expansion
Mar 19, 2018, 5:14am UTC
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.