Guest post: Will Alibaba replace more people at Lazada?

Guest post: Will Alibaba replace more people at Lazada?

REUTERS/Darren Whiteside

Alibaba announced that they are putting US$2 billion additional investment (in Lazada). While the group maintains its 83% share of Lazada, it replaces CEO Max Bittner with Lucy Peng, Executive Chair of Ant Financial Services.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter