Alibaba pumps $634m more into Southeast Asia unit Lazada

Alibaba pumps $634m more into Southeast Asia unit Lazada

REUTERS/Darren Whiteside

Southeast Asian e-commerce major Lazada has received another $634 million in capital infusion from its parent company Alibaba, according to regulatory filings, as it continues to face competition from rivals, including Sea Ltd’s Shopee and Indonesia’s Tokopedia.

Edited by: Padma Priya

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