Alibaba to invest another $2b in Lazada, replaces CEO

Employees at online retailer Lazada fill orders at the company's warehouse in Jakarta, Indonesia April 15, 2016. REUTERS/Darren Whiteside

Alibaba Group Holding Ltd. will invest another $2 billion in Southeast Asian e-commerce platform Lazada and install one of its most senior executives to run the business, it announced on Monday.

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