Alibaba doubles Lazada investment to $4 billion in aggressive Southeast Asian expansion

BEIJING/SINGAPORE (Reuters) - Alibaba Group Holding Ltd said it will invest an extra $2 billion in Southeast Asian e-commerce firm Lazada Group and tapped a top executive to run the business, as it takes on rivals such as tech titan Amazon in an aggressive expansion in the region.

from Reuters: Business News http://ift.tt/2poSIsu