Alibaba Invests $912 Million in Southeast Asia E-Commerce Lazada, Owns more than 80% of Lazada with $3.29 Billion Investment
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Alibaba Invests $912 Million in Southeast Asia E-Commerce Lazada, Owns more than 80% of Lazada with $3.29 Billion Investment 2nd September 2022 | Singapore
China E-commerce & technology giant Alibaba has invested a further $912 million into Southeast Asia E-Commerce Lazada, adding onto the $378.5 million invested in May 2022. In total, Alibaba had invested more than $3.29 billion in Lazada (In 2016, Alibaba had invested $1 billion for 51% stake, and investing a further $1 billion thereafter and raising the stake to 83%). The top E-commerce players in Southeast Asia includes Shopee, Lazada, Tokopedia, Bukalapaka and Blibli.
“ Alibaba Invests $912 Million in Southeast Asia E-Commerce Lazada, Owns more than 80% of Lazada with $3.29 Billion Investment “
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Founded in 2012, Lazada Group is Southeast Asia’s leading eCommerce platform. With a presence in six countries – Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam – we connect this vast and diverse region through our technology, logistics and payments capabilities. Today, we have the largest selection of brands and sellers, and by 2030, we aim to serve 300 million customers. In 2016, Lazada became the regional flagship of the Alibaba Group, and is backed by Alibaba’s best-in-class technology infrastructure.
Lazada Group is Southeast Asia’s pioneer eCommerce platform. For the last 10 years, Lazada has been accelerating progress in Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam. through commerce and technology. Today, a thriving local ecosystem links our consumers to more than 1 million actively-selling sellers every month, who are transacting safely and securely via trusted payments channels and Lazada Wallet, receiving parcels through a homegrown logistics network that has become the largest in the region. Lazada aims to serve 300 million shoppers by 2030, and be the best at enabling brands and sellers in digitalizing their businesses. In 2022, the Lazada Foundation was set up to empower youths and women for the digital future, close the gender digital divide and uplifting communities by creating positive impact. More information can be found here https://group.lazada.com/en/foundation/.
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