Alibaba Group has announced plans to invest an additional US$2 billion in the Lazada Group, an e-commerce platform operating in Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam.

Following this, Alibaba will have invested a total of US$4 billion in Lazada, including this additional US$2 billion investment. In 2016, Alibaba acquired a controlling stake in Lazada exchange for US$1 billion. Later in 2017, Alibaba paid US$1 billion to increase its stake in Lazada to 83%.

Source:  Business Strategies Group