Exclusive: Alibaba, JD.com in talks to buy SK Planet and Axiata-backed 11street Malaysia

An 11street office. Source: 11street LinkedIn page

The battle for Southeast Asia’s coveted e-commerce market is intensifying with Chinese giants Alibaba Group and rival JD.com Inc now scrambling to gain control of the second largest e-commerce player in Malaysia, 11street, a partnership between Celcom Axiata Bhd and Korea’s SK Planet.

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