Alibaba invests $230M in Lazada again

By  
Artur Stańczuk
May 25, 2024
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Summary:

Alibaba invested $230M into Lazada, totaling $7.7B since 2016. This is its first investment this year. In 2023, Alibaba invested $1.8B. The investment supports Lazada’s low-cost strategy to compete with Temu and Shein.

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