[Update] Alibaba invests $1b more in Lazada, ups stake to 83% as Rocket, Kinnevik exit

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

(UPDATE) Alibaba Group Holding Ltd has announced it will pump in another $1 billion in Southeast Asian e-commerce platform Lazada to raise its stake to 83 per cent from the 51 per cent it had acquired last year.

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