Alibaba buys control of Lazada in $1 billion bet on SE Asia e-commerce growth: Reuters
Alibaba Group Holding Ltd said on Tuesday it has agreed to buy a controlling stake in Southeast Asia online retailer Lazada Group for about $1 billion, its biggest deal overseas, as the Chinese e-commerce giant seeks fertile new turf while growth slows at home, Reuters News reported.
12 April 2016•3 mins read
