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Tag: big move

Alibaba pours a total of $1B into Southeast Asia e-commerce platform Lazada

Platforms, Technology

Alibaba pours a total of $1B into Southeast Asia e-commerce platform Lazada

April 12, 2016

Via: itCurated

Alibaba just took a big step in its Southeast Asian expansion journey. The company said today that it has pumped a total investment of about $1 billion into Lazada, in a deal that makes it the e-commerce platform’s controlling shareholder. This includes $500 […]