Alibaba Injects $2B into Lazada, Names New CEO Amid Singapore Developments
Alibaba to invest additional US$2 billion in Lazada, replaces CEO, Singapore News,BEIJING – Alibaba Group Holding Ltd said it will invest an extra US$2 billion (S$2.6 billion) in Southeast Asian e-commerce firm Lazada Group and tapped a top executive to run the business, as it takes on rivals such a