Company Earnings Update 4 minutesRegister for Free AccessAlibaba (BABA) Steps Up Global Expansion Strategy by Raising its Stake in Lazada Coresight Research June 30, 2016 Executive Summary Alibaba announced that it will pay almost $1 billion to increase its stake in leading Southeast Asia e-commerce platform Lazada to 83% from 51%. We view the investment as an inevitable move to reinforce the group’s global expansion strategy and believe it fits well with Alibaba’s phased-in acquisition approach. We expect Alibaba to continue to generate synergies by integrating Lazada into its international retail commerce ecosystem and further expand its global market share. Please Login to read the full report. Not a member? Register for a free user account. This document was generated for Other research you may be interested in: Analyst Corner—Walmart Leads, Amazon Loses Ground in the Online Grocery Market: US Survey Insights with Sujeet NaikExploring Retail Media Network Opportunities in the Convenience Channel: Insights Presented at NACS State of the Industry Summit 2024Earnings Insights 1Q24, Week 2: Amazon, CVS and Estée Lauder Report Positive Sales Growth; Clorox and Wayfair Post Sales DeclinesHead-to-Head in UK Apparel Retailing: Boohoo vs. Primark
