Alibaba’s investment spree

Known for its aggressive investment policy, cash-rich Alibaba has made headlines with billion-dollar deals on both domestic and international grounds. Last week, the Chinese ecommerce giant invested $1.25 billion in, a Shanghai-based food delivery service. It also paid $1 billion to acquire a controlling stake in Lazada, Southeast Asia’s top ecommerce platform. The deals happened a few months after Alibaba acquired Hong Kong-based newspaper South China Morning Post for $226 million. According to analysts, Alibaba targets to reach 6 trillion yuan in gross merchandise value (GMV) per year by 2020. We expect to see more investments from Alibaba in the coming months.
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