That’s the headline of a story I wrote with my colleague Liza Liz, which ran on Monday. It begins:
Alibaba Group Holding Ltd. Executive Chairman Jack Ma is doubling down on Southeast Asia, investing another $2 billion in e-commerce subsidiary Lazada Group and naming trusted confidante Lucy Peng as its chief executive.
The investment announced Monday comes on top of the $2 billion the Chinese e-commerce giant has poured into Lazada since buying a majority stake in 2016.
Singapore-based Lazada operates online marketplaces in six Southeast Asian countries including Indonesia, selling everything from lipstick and car wax to instant coffee and smartphones.
Click through to read the rest.
- By Me and a Colleague Wed.: Alibaba to Invest $1 billion in Southeast Asia-Focused E-Commerce Startup Lazada
- Newley’s Notes 127: Uber Quits SE Asia; Facebook Gets Unfriended; Smoldering T-Rexes
- Uber Battles Ride-Sharing Startups in SoftBank ‘Family’
- Walmart Looks to Scale Back in U.K. and Brazil, With an Eye on India
- By Me and a Colleague Yesterday: Blackstone Buying HP Enterprise’s Stake in Indian Outsourcing Firm Mphasis for $825 million