Alibaba invests another $913m in Lazada, bringing funding so far this year to $1.3b
Summary
Chinese internet giant Alibaba has invested $912.5 million into e-commerce player Lazadas Southeast Asian entity, according to recent filings with Singapores Accounting Corporate and Regulatory Authority (Acra).This is on top of a cash injection of $378.25 million in May, bringing the total investment made by Alibaba into the Southeast Asian e-commerce firm to $1.3 billion since the beginning of 2022. Lazada is majority owned by Alibaba.
Funding
Amount
$912.5M
Total raised
Date
August 31, 2022
Announcement date
Investors
DAMO Academy
Lead investors
Company
http://www.lazada.com
Funded company
Classifications
industries
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applications
Geographic Information systems
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