Alibaba boosts investment in Lazada

Date : 28 July 2023

Stephanie Leung

Analyst

Alibaba has invested an additional $845.44 million USD into Lazada, its Southeast Asia e-commerce unit, reaching a total investment of $5.8 billion USD. Lazada to expand user base The retailer is in direct competition with Shopee, currently the largest online marketplace in Southeast Asia. With…

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