Alibaba prioritizes SEA expansion, pours in USD 2bn more in Lazada
Date: 2018-03-19   Author: Dhananjay Punekar  Category: #news

Alibaba prioritizes SEA expansion, pours in USD 2bn more in Lazada

Alibaba Group Holding Limited, a Chinese eCommerce & retail firm, is expected to provide an additional investment worth USD 2 billion to Lazada Group SA, an eCommerce firm headquartered in Singapore.  Incidentally, the move is aimed at expanding Alibaba’s business in the Southeast Asian zone.

The key officials of both the firms have declared that the existing CEO & Founder of Lazada Group, Maximilian Bittner, is likely to step down.  Lucy Peng, the CEO of Ant Financial, will apparently occupy the post of the chief executive at Lazada Group, while Bittner is expected to work as a senior advisor for the Singapore eCommerce firm. The China based eCommerce company has reportedly been experiencing fierce competition from Amazon across Southeast Asia.

For the record, Alibaba had invested nearly USD 2 billion in Lazada Group during the last two years for acquiring a controlling stake in the firm. According to The Economic Times, Alibaba has started providing curated goods to Lazada users through its Taobao tool. Last year, Alibaba’s Ant Financial Services Group had purchased Lazada’s helloPay and rebranded it under Alipay. Industry analysts are of the view that Alibaba’s current investment in Lazada will provide impetus to the latter’s business by supporting its technological growth and facilitating it to acquire more clients in the region.  

According to an official statement, Alibaba’s decision to invest in Lazada will not only strengthen its business relationships but will help the Singapore based eCommerce firm explore the eCommerce tools & resources of Alibaba. Alibaba has further stated that its association with Lazada will fulfill its business objective of becoming a huge player across the Southeast Asian eCommerce market.

Incidentally, it has been speculated that the Lazada investment will help Alibaba register a double-digit regional growth and tap new business growth opportunities across Southeast Asia.  



About Author


Dhananjay Punekar

Dhananjay Punekar

Dhananjay currently works as a content writer at AlgosOnline. A post graduate in mathematics as well as business administration, he worked as a process executive in Infosys BPO Limited before switching his professional genre. Following his childhood passion, he opted fo...

Read More

More from Dhananjay


Post Recommendents

Portable Zirconia Oxygen Analyzer Market Size - Industry Analysis, Share, Growth, Trends, and Forecast 2019-2025
Author: Partha Ray

A report on ' Portable Zirconia Oxygen Analyzer market' Added by Market Study Report, LLC, provides a succinct analysis regarding the values and trends existing in the current business scenario. The study also offers a brief summary of market valu...


Barrier System Market Size, Growth, Analysis, Outlook by 2019 - Trends, Opportunities and Forecast to 2025
Author: Partha Ray

Market Study Report LLC adds new report on Global Barrier System Market Research, which contains company information, geographical data and market analysis about this industry for all stakeholders involved in or wanting to get into this market.


Industrial Lighting Market Size |Incredible Possibilities and Growth Analysis and Forecast To 2025
Author: Partha Ray

Market Study Report, LLC, has recently added a report on ' Industrial Lighting market' which offers a comprehensive synopsis of revolving market valuation, market size, SWOT analysis, revenue estimation and geographical spectrum of the market. The...