Alibaba’s Invests $845 Million In Lazada

The ecommerce giant’s total investment into the unit adds up to several billion dollars. 

Staff Writer Reading Time: 3 mins 

Topics

  • What to Read Next

    1. Tech Mahindra Partners with Atento CRM

    2. Panasonic Launches SMARTCARE World

    3. RingCentral Launches RingSense AI APIs

    4. Libas Partners with GoKwik

    • Chinese ecommerce giant Alibaba Group Holding, has invested an additional $845 million into Lazada, its online retail unit in Southeast Asia, as it eyes overseas expansion.

    With the latest amount, disclosed in a regulatory filing in Singapore, the ecommerce giant’s total investment into the unit adds up to several billion dollars. Lazada operates under Alibaba’s Global Digital Business Group, which also includes AliExpress, Trendyol and Daraz.

    Under its new business structure, Alibaba’s global digital business group will be headed by group CEO Jiang Fan. Board members include Michael Evans, Eddie Wu Yongming, and Trudy Dai Shan.

    Topics

    About the Author

    The Martechvibe team works with a staff of in-house writers, and industry experts.
    View More

    Tags:

    More Like This