Alibaba Expands in Southeast Asia With $1 Billion Lazada Deal

  • Control of Lazada adds operations in 6 Southeast Asian markets
  • Alibaba buying stock from Rocket Internet, Tesco, Kinnevik

Alibaba's Big Overseas Bet on Lazada

Alibaba Group Holding Ltd. is making its largest overseas investment with a $1 billion deal for control of Lazada Group SA, taking the Chinese e-commerce giant to Southeast Asia and closer to a goal of shedding its home-market reliance.

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