Alibaba's stake in Lazada is boosted to 95%

Date : 28 June 2017

Alibaba bought a controlling stake in Lazada Group last year. The US$1bn investment in Lazada was its largest overseas bet in the ecommerce space. It has just taken the option to buy out almost all of Lazada's investors, except Singapore-owned investment company, Temasek Holdings.

Lazada Group is the region's largest ecommerce platform with operations in Indonesia, Malaysia, Singapore, Thailand, the Philippines and Vietnam. Alibaba has made aggressive moves this year and had announced that it was making Malaysia its first trade and logistics hub outside of China.

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