Retail Asia18/12/2023
1min0
Chinese technology giant Alibaba Group Holding has invested another US$634 million in its e-commerce subsidiary Lazada amid intensifying competition. The injection – the group’s third this year – takes its investment in Lazada to more than $1.8 billion. Since taking the controlling stake in 2016, Alibaba has poured about $7.4 million into the Singapore-based e-commerce unit. This […]