USEUROPEAFRICAASIA 中文双语Français
Home / Business

Alibaba buys stake in Lazada for $1b

By Gao Yuan | China Daily | Updated: 2016-04-13 08:00

Online shopping major has large and growing consumer base outside China

Alibaba Group Holding Ltd has taken a controlling stake in Southeast Asian online shopping major Lazada Group SA for roughly $1 billion.

The acquisition will beef up the Chinese internet giant's presence in one of the world's most-populated areas where e-commerce is booming.

Alibaba buys stake in Lazada for $1b

Today's Top News

Editor's picks

Most Viewed

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US