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Alibaba ups its stake in Southeast Asia’s Lazada with $1 billion investment
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Alibaba is doubling down on Southeast Asia after it paid close to $1 billion to raise its stake in e-commerce firm Lazada from 51 percent to 83 percent. The Chinese firm made an initial $1 billion investment in April 2016 at a valuation of $1.5 billion — this second deal raises that valuation to $3.15 billion, Lazada disclosed. The deal sees Alibaba buy shares from existing backers… Read More
https://techcrunch.com/2017/06/28/alibaba-ups-its-stake-in-southeast-asias-lazada-with-1-billion-investment/?ncid=rss
Alibaba is doubling down on Southeast Asia after it paid close to $1 billion to raise its stake in e-commerce firm Lazada from 51 percent to 83 percent. The Chinese firm made an initial $1 billion investment in April 2016 at a valuation of $1.5 billion — this second deal raises that valuation to $3.15 billion, Lazada disclosed. The deal sees Alibaba buy shares from existing backers… Read Morehttps://techcrunch.com/2017/06/28/alibaba-ups-its-stake-in-southeast-asias-lazada-with-1-billion-investment/?ncid=rss