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Alibaba (BABA) Makes $1B Investment in Lazada Group
April 12, 2016 6:09 AM EDTAlibaba Group Holding Limited and Lazada Group S.A. announced that Alibaba entered into an agreement to acquire a controlling stake in Lazada, a leading eCommerce platform in Southeast Asia. The transaction consists of an investment of approximately USD500 million in newly issued equity capital of Lazada and acquisition of shares from certain shareholders of Lazada, for a total investment by Alibaba of approximately USD1 billion. The transaction is expected to help brands and distributors around the world that already do business on Alibabas platform, as well as local merchants, to access the Southeast Asian consumer market.
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