JAKARTA - Alibaba Group Holding Ltd. will buy a controlling share of e-commerce operators Indonesia Lazada Group SA in a deal worth USD 1billion to open their way amid the growth of Southeast Asia.
Based on the information Alibaba, operator of China's largest e-commerce it would spend USD 500 million to buy new shares in Lazada. Albaba will also buy shares available already owned by other investors, with a total value of USD 500 million.
"By investing in Lazada, Alibaba have access to a platform that has a consumer base in large numbers and continue to expand outside of China, with a management team that has been tested and and has a solid foundation," said Michael Evans, president of Alibaba, Tuesday (12/4 / 2016).
Currently, Lazada controlled by Rocket Internet SE based in Germany. The deal shows the estimated values for the total value Lazada is worth USD 1billion.
The investors who will sell its stake in Rocket Internet Lazada include SE, Tesco Plc, and Investment AB Kinnevik.
Online shopping site that sells a variety of consumer goods like clothes in six markets of Southeast Asia, including Malaysia and Singapore. In Indonesia, Lazada Mataharimall competes with Lippo Group and Tokopedia belongs.(*)
Based on the information Alibaba, operator of China's largest e-commerce it would spend USD 500 million to buy new shares in Lazada. Albaba will also buy shares available already owned by other investors, with a total value of USD 500 million.
"By investing in Lazada, Alibaba have access to a platform that has a consumer base in large numbers and continue to expand outside of China, with a management team that has been tested and and has a solid foundation," said Michael Evans, president of Alibaba, Tuesday (12/4 / 2016).
Currently, Lazada controlled by Rocket Internet SE based in Germany. The deal shows the estimated values for the total value Lazada is worth USD 1billion.
The investors who will sell its stake in Rocket Internet Lazada include SE, Tesco Plc, and Investment AB Kinnevik.
Online shopping site that sells a variety of consumer goods like clothes in six markets of Southeast Asia, including Malaysia and Singapore. In Indonesia, Lazada Mataharimall competes with Lippo Group and Tokopedia belongs.(*)
No comments:
Post a Comment