Alibaba Group Holding Limited announced that it will invest approximately USD1 billion to increase its stake in Lazada Group, from 51% to approximately 83%. This transaction demonstrates the continued success of Lazada’s business, Alibaba’s confidence in the growth potential of the Southeast Asian markets and its commitment to the region as part of its global strategy.   Alibaba will purchase the shares of certain Lazada shareholders at an implied valuation of USD3.15 billion for the … [Read more...] about Alibaba Group increase stake in Lazada