SHANGHAI -- Alibaba has invested an additional $845.44 million into Southeast Asia e-commerce unit Lazada, the latest move by the Chinese group to bolster its position in the hotly contested region.
China tech
Alibaba pumps $845m more into Lazada in battle with Shopee, TikTok
China e-commerce group faces rising Southeast Asia competition
Lazada has partnered with Alibaba in logistics and other areas. (Photo by Takashi Nakano)
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