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Friday, 03/23/2018 2:48:37 AM

Friday, March 23, 2018 2:48:37 AM

Alibaba invests Southeast Asian online retailer Lazada

Alibaba has announced that it would invest an additional $2 billion in Southeast Asian online retailer Lazada, which has operations in Indonesia, Malaysia, the Philippines, Thailand, Vietnam, and Singapore. The move was considered as Ali’s continued push into the region.

Last year, Alibaba increased its stake in the Singapore-based firm from 51 percent to 83 percent with an additional billion-dollar investment. In 2016, Alibaba acquired control of Lazada with an initial $1 billion investment.

Southeast Asia is a lucrative market for e-commerce players as millions of first-generation internet users embrace online shopping. The region's internet economy is expected to grow to $200 billion by 2025, primarily driven by growth in e-commerce.

Concerning the great outcome of e-commerce in this region, I would pay more attention to companies which have e-commerce business when choosing which stock to buy.