Lazada Gets Another USD $230 Million Capital Injection from Alibaba

Alibaba Injects $230Million to Lazada SEA
Image sources: Tech In Asia.

The Summary:

  1. Alibaba has invested an additional US$230 million into its Southeast Asia-focused ecommerce platform, Lazada
  2. This recent funding is Alibaba’s first injection into Lazada this year. In 2023, Alibaba invested over US$1.8 billion into Lazada.
  3. With this investment, Alibaba’s total investment into Lazada since 2016 amounts to roughly US$7.7 billion
  4. Alibaba first invested in Lazada in 2016 with an investment of US$1 billion, taking a controlling stake in the company.
  5. Lazada launched its Choice offering last year, a platform that competes with Temu and Shein in terms of low-cost offerings.
  6. Alibaba said the Choice platform helped AliExpress – its global ecommerce marketplace – log over 60% order growth in the quarter ending December 2023 compared to the previous quarter.

#Lazada #Alibaba #Marketplace #Investment

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