HomeAsiaAlibaba injects $845 million into Southeast Asia unit Lazada

Alibaba injects $845 million into Southeast Asia unit Lazada

July 19, 2023

Alibaba Group Holding Ltd. injected $845 million into Lazada, its online retail business in Southeast Asia that is facing intensifying competition from rivals like sea ltd. and Amazon.com Inc.

The capital injection, disclosed in a regulatory filing in Singapore on Wednesday, brings the total Alibaba has invested in the arm to several billion dollars since it gained control of the business. in 2016. Representatives for Alibaba and Lazada did not respond to requests for comment.

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Alibaba injects $845 million into Southeast Asia unit Lazada

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