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 …