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: March 2023 UK Retail Sales: Online Sales Return to GrowthMarket Navigator: US Department Stores—Softness Ahead Despite Opportunities in Experiences and Alternative ModelsDigitally Native Vertical Brands in the US Beauty Market: Unique Brand Positioning and Expanded Partnerships Fuel GrowthFive Ways AI Is Being Used in Drugstore Retail
