Deals
Alibaba’s Lazada Braces for a Southeast Asian Brawl With Amazon
- RedMart helps online retailer dive deeper into groceries
- Lazada’s also exploring deals to shore up its logistics
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Alibaba Group Holding Ltd. and Amazon.com Inc. are about to clash in Southeast Asia. And Lazada Group SA, which Alibaba bought this year for $1 billion, will be right at the heart of that conflict.
Southeast Asia’s largest e-commerce site is rolling out a series of initiatives in anticipation of the U.S. giant’s entry next year. It’s expanding its delivery network within the region and beyond, via partners in China and Korea. It’s on the prowl for investments and acquisitions to shore up its supply chain. And it intends to delve deeper into online groceries in 2017, a notoriously difficult market it got into by buying RedMart.