Alibaba invests $1B on controlling stake in Lazada

www.bloomberg.com

Another billion dollar deal, this time Alibaba (finally) making a foray into e-commerce in Southeast Asia. The company wants to increase its business overseas and it has two investments in India (Paytm and Snapdeal), and Southeast Asia is another logical expansion. The storytelling of expansion makes sense, except that, as I pointed out in one story, it was all down to Lazada getting broke. While the deal was brokered by mutual investor Temasek and had probably been informally arranged for some time.

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