Announced
Completed
Financials
Sources
Tags
Cross Border
Friendly
Single Bidder
e-commerce
E-commerce
Singapore
Private
Acquisition
Minority
Completed
Luxembourg
Synopsis
Alibaba, a provider of online and mobile commerce businesses, completed a $379m investment in Lazada, a developer of an online shopping and selling marketplace. Alibaba plans to expand Lazada to Europe in order to diversify its growth as competition has heated up in China. Alibaba already has a presence in Europe through AliExpress, which does cross-border sales from China.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.