Alibaba invests another $913m in Lazada, bringing funding so far this year to $1.3b

Alibaba invests another $913m in Lazada, bringing funding so far this year to $1.3b

REUTERS/Darren Whiteside

Chinese internet giant Alibaba has invested $912.5 million into e-commerce player Lazada’s Southeast Asian entity, according to recent filings with Singapore’s Accounting Corporate and Regulatory Authority (Acra).