Alibaba to acquire controlling stake in the leading e-commerce platform in Southeast Asia Lazada for approximately USD1 billion

Transaction makes Alibaba a leading e-commerce platform in Southeast Asia Hangzhou, China/Singapore, 2016-Apr-15 — /EPR Retail News/ — Alibaba Group Holding Limited and Lazada Group S.A. announced today that Alibaba entered into an agreement to acquire a controlling stake in Lazada, a leading e-commerce platform in Southeast Asia. The transaction consists of an investment of approximately […]