Alibaba accelerates its Asia push with another $1 billion investment in Lazada

(Bloomberg)—Alibaba Group Holding Ltd. will invest another $1 billion to raise its stake in online mall Lazada Group SA to 83%, securing control of a fast-growing startup at the vanguard of its Southeast Asian expansion. The Chinese e-commerce leader is buying out most other backers in a deal that values the Singapore-based startup at $3.15 … Continue reading Alibaba accelerates its Asia push with another $1 billion investment in Lazada