Alibaba doubles down on Lazada with fresh $2B investment and new CEO

TechCrunch
By Jon RussellMar 19, 2018, 12:44 am329 pts
Alibaba is increasing its control of Lazada, its e-commerce marketplace in Southeast Asia it acquired control of in 2016, after it injected another $2 billion into the business and replaced its CEO with a long-standing Alibaba executive. Alibaba’s first investment came in April 2016 when it bought 51 percent…

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