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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

Bloomberg business news — Alibaba's Big Overseas Bet on Lazada

By

Lulu Yilun Chen and

April 12, 2016, 6:06 AM UTCUpdated onApril 12, 2016, 11:36 PM UTC

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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