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NEWS UPDATES Asean Affairs     June 30, 2017  







Alibaba to invest US$1 billion in Lazada

Chinese e-commerce giant Alibaba is planning to raise its stake in online mall Lazada to 83 percent from 51 percent at present in a bid to strengthen its foothold in Southeast Asia.

To do so, Alibaba plans to invest US$1 billion, which would bring its total investment in Lazada to $2 billion.

The investment from Alibaba shows its optimism about online retail in Southeast Asia. Based on an analysis by Google and Temasek Holdings last year, the region’s internet economy was predicted to grow to $200 billion by 2025.


"The e-commerce markets in the region are still relatively untapped, and we see a very positive upward trajectory ahead of us," Daniel Zhang, CEO of Alibaba, said in a statement, as quoted by Reuters.

The Chinese e-commerce leader said it will purchase shares from certain Lazada shareholders at an implied valuation of $3.15 billion.

Founded in 2012, the Singapore-based startup Lazada operates in Singapore, Malaysia, Indonesia, the Philippines, Thailand and Vietnam. Lazada had about 23 million active buyers as of March 2017.



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ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
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ASEAN  ANALYSIS

This year in Thailand-what next?


AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 


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