TURKEY > China based Alibaba is set to make strategic investment in Turkey based Trendyol

alibaba logo The world’s largest online and mobile commerce company, Alibaba Group has entered an agreement with Turkey’s leading e- commerce platform Trendyol in which Alibaba will invest into the company as well as acquire shares from existing investors. Marking the largest internet sector transaction in Turkey to date, according to the agreement Trendyol and Alibaba will cooperate to accelerate Trendyol’s growth More …

SINGAPORE > Chinese Alibaba invests extra $2 billion for Singapore based Lazada for aggressive Southeast Asia Expansion

library_logos_alibabaev_large For consolidating its control and targeting aggressive expansion in Southeast Asia, Alibaba is set to invest extra $2 billion in Singapore based e-commerce firm Lazada. With the additional investment long- time Alibaba executive Lucy Peng will take over as Lazada’s chief executive and replace founder Max Bittner who will become a senior advisor to  Alibaba. Prior to the investment, Alibaba More …

USA > Alibaba’s Ant Financial to acquire MoneyGram for $880Mn

images Chinese ecommerce Giant-Alibaba’s Subsidiary-Ant Financial to acquire U.S. based payment firm MoneyGram for $880Mn. Ant Financial is expected to pay $13.25 per share for the acquisition. The deal will close in second half of 2017 after meeting all regulatory approvals. MoneyGram currently has 350,000 outlets and operates around 200 countries worldwide. For this deal Ant Financial’s financial adviser is Citi and More …

SINGAPORE > Alibaba to invest $1 billion in Singapore based Lazada Group

library_logos_alibabaev_large China based Alibaba Group Holding Ltd. to invest $1bn for control of Lazada Group. Alibaba will pay $500m for new shares and purchase an equal amount from existing investors. Investors selling their share include Germany’s Rocket Internet, British supermarket chain Tesco and Swedish investment company Kinnevik. With the investment, Alibaba will add operations in 6 Southeast Asian markets – Indonesia, Malaysia, Philippines, Singapore, Thailand More …