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.
Twitter Digg Delicious Stumbleupon Technorati Facebook Email

No comments yet... Be the first to leave a reply!