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Aggregated China Business Blogs
Alibaba Buys Control Of Southeast Asian E-Commerce Firm Lazada In $1B Deal
Aggregated Source: China Money Network
shopping copyChinese e-commerce giant Alibaba Group Holding Ltd. has agreed to buy a controlling stake in Southeast Asian online retailer Lazada for approximately US$1 billion to accelerate expansion into the region. Alibaba will buy around US$500 million newly issued shares of Lazada and acquire shares from existing shareholders including Germany's Rocket Internet and British supermarket giant […]

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