Alibaba To Invest 2 Billion U.S. Dollars In Lazada

- Mar 20, 2018-

  It is reported that Alibaba will invest another 2 billion U.S. dollars in Lazada, the largest e-commerce platform in Southeast Asia, mainly for the expansion of business in the region.

  Alibaba said that the investment underscores Alibaba’s confidence in the future success of the Lazada business and the growth prospects of the Southeast Asian market, which is also an important part of Alibaba’s global growth strategy.

  It is understood that after this investment, Alibaba’s total investment in the e-commerce platform has increased to 4 billion US dollars.

  In 2016, Alibaba obtained control of Lazada with a US$1 billion investment, raising its stake to 83% in 2017 and another investment of US$1 billion.