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04-13-2016, 06:58 PM
Alibaba's biggest overseas investment to date is a $1 billion ecommerce deal
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Alibaba Group Holding Ltd. is making its largest overseas investment with a $1 billion deal for control of Lazada Group SA, taking the Chinese ecommerce giant to Southeast Asia and closer to a goal of shedding its home-market reliance.
SEE ALSO: Alibaba joins anti-counterfeit group as first ecommerce member (http://www.bloomberg.com/news/articles/2016-04-13/alibaba-joins-anti-counterfeit-group-as-first-e-commerce-member)
China’s largest online emporium will pay $500 million for new shares in the closely held company and purchase an equal amount from existing investors, Alibaba said in a statement. Investors selling include Germany’s Rocket Internet SE, British supermarket chain Tesco Plc and Investment AB Kinnevik. Read more... (http://mashable.com/2016/04/13/alibaba-biggest-ecommerce-investment/)
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Alibaba Group Holding Ltd. is making its largest overseas investment with a $1 billion deal for control of Lazada Group SA, taking the Chinese ecommerce giant to Southeast Asia and closer to a goal of shedding its home-market reliance.
SEE ALSO: Alibaba joins anti-counterfeit group as first ecommerce member (http://www.bloomberg.com/news/articles/2016-04-13/alibaba-joins-anti-counterfeit-group-as-first-e-commerce-member)
China’s largest online emporium will pay $500 million for new shares in the closely held company and purchase an equal amount from existing investors, Alibaba said in a statement. Investors selling include Germany’s Rocket Internet SE, British supermarket chain Tesco Plc and Investment AB Kinnevik. Read more... (http://mashable.com/2016/04/13/alibaba-biggest-ecommerce-investment/)
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