Wednesday, 28 June 2017

Alibaba spending US$1b to raise stake in South-east Asia's Lazada, Technology

[SINGAPORE] Chinese e-commerce company Alibaba Group Holding is investing an additional US$1 billion in South-east Asian online retailer Lazada Group, boosting its stake by nearly a third to 83 per cent and amplifying its focus on the region.
Alibaba’s announcement comes as its rivals...
https://goo.gl/R7mpqt

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