Home › Alibaba buys controlling stake in Lazada for USD 1 bln
 

Keywords :   


Alibaba buys controlling stake in Lazada for USD 1 bln

2016-04-12 08:43:00| Telecompaper Headlines

(Telecompaper) Alibaba has agreed to acquire a controlling stake in Indonesian online retailer Lazada for about USD 1 billion. Alibaba said it will pay USD 500 million for new shares in Lazada and also purchase stock from existing investors. Lazada is currently controlled by Rocket Internet.

Tags: usd controlling alibaba buys

Category:Telecommunications

Latest from this category

All news
»
05.11Tropical Storm Rafael Graphics
05.11Tropical Storm Rafael Forecast Discussion Number 9
05.11Tropical Storm Rafael Wind Speed Probabilities Number 9
05.11Tropical Storm Rafael Public Advisory Number 9
05.11Summary for Tropical Storm Rafael (AT3/AL182024)
05.11Tropical Storm Rafael Forecast Advisory Number 9
05.11Kim Madigan to chair 2025 FTA Fall Technical Conference
05.11PM responds to Sir Alan Bates after repeated requests
More »