Alibaba doubles Lazada, which operates in Malaysia, investment to US$4bil in regional expansio
BEIJING/SINGAPORE: Alibaba Group Holding Ltd said it will invest an extra US$2 billion in Southeast Asian e-commerce firm Lazada Group, which operates in Malaysia, and tapped a top executive to run the business, as it takes on rivals such as tech titan Amazon in an aggressive expansion in the region. Launched in 2012, Lazada operates […]
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