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: Weekly US and UK Store Openings and Closures Tracker 2024, Week 28: Big Lots To Close Stores; Hudson’s Bay Company Acquires Neiman MarcusAnalyst Corner—High-Tech Healing: Four Ways AI Is Revamping Healthcare, with Madhav PitaliyaUnleashing the Power of Retail Media with First-Party Data and Location AnalyticsThree Data Points We’re Watching This Week: Global Data Focus
