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Business trends

Alibaba counters Amazon's expansion in Southeast Asia

Injection of $2bn into Lazada will boost logistics network

Workers at online retailer Lazada's warehouse in Indonesia.   © Reuters

SINGAPORE -- Only a week after U.S. e-commerce group revealed its intention to enter the Vietnamese market, Alibaba Group Holding has made a countermove to secure its own growth path in Southeast Asia's burgeoning e-commerce industry.

The Chinese technology group said Monday that it would inject $2 billion into its subsidiary Lazada Group, the Singapore-based online retailer, and would send one of its key executives to replace Lazada's founder CEO, part of moves to cement its leading position in Southeast Asia.

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