Alibaba tries to shed homemarket reliance with $1b bet on Lazada

Alibaba tries to shed homemarket reliance with $1b bet on Lazada

Chance Chan / Reuters

Alibaba Group Holding Ltd. is making its largest overseas investment with a $1 billion deal for control of Lazada Group SA, taking the Chinese e-commerce giant to Southeast Asia and closer to a goal of shedding its home-market reliance.

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