SINGAPORE -- China's Alibaba Group Holding has invested an additional $634 million in Singapore-based e-commerce subsidiary Lazada amid an intensifying battle with TikTok and others for the Southeast Asian market.
Technology
Alibaba pumps $630m more into Lazada in race with TikTok, Sea
Chinese e-commerce leader faces rising competition in Southeast Asia
Singapore-based Lazada has received three rounds of investment from Alibaba this year. (Photo by Takashi Nakano)
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