Alibaba Group to acquire controlling stake in Lazada

PhilippinesEnterprise Innovation — Alibaba Group will acquire a controlling stake in Southeast Asia’s leading e-commerce platform Lazada, following a total investment of approximately $1 billion. In a media release, Alibaba said the transaction consists of an investment of approximately $500 million in newly issued equity capital of Lazada, as well as the acquisition of new shares from certain shareholders.

http://www.enterpriseinnovation.net/article/alibaba-group-acquire-controlling-stake-lazada-1871778453

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