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Alibaba invests another $912m in Singapore-based Lazada

E-commerce company Lazada faces stiff competition from local startups

Workers in a Lazada warehouse in Indonesia pack items for delivery.   © Reuters

SINGAPORE -- Chinese internet giant Alibaba has invested $912.5 million in Southeast Asian-focused Lazada, according to recent filings with financial regulators in Singapore.

That follows a cash injection of $378.25 million in May, bringing the total investment by Alibaba into the Singapore-based e-commerce company to $1.3 billion since the beginning of 2022. Lazada is majority owned by Alibaba.

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