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Tag Archives: Alibaba

Alibaba injects US$1 billion to increase stake in Lazada

Thursday, 29 June 2017   KUALA LUMPUR: Alibaba Group Holding Limited will invest approximately US$1 billion to increase its stake to approximately 83% in Lazada Group, the leading e-commerce platform in Southeast Asia. In a statement today, Alibaba said the transaction demonstrated the continued success of Lazada’s business and Alibaba’s …

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Alibaba injects US$488 million health food assets into Ali Health

Saturday, 20 May 2017 HONG KONG: Alibaba Health Information Technology Ltd said on May 19 that controlling shareholder Alibaba Group Holding Ltd would sell HK$3.8 billion (US$488.3 million/RM2.11 billion) worth of health food and nutritional products businesses to the company, further developing it into Alibaba’s healthcare flagship platform. Alibaba Health …

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MDec signs MoU with China’s Hangzhou Municipal Government and Alibaba

Friday, 12 May 2017 KUALA LUMPUR: Malaysia Digital Economy Corporation (MDEC) has signed a three-way Memorandum of Understanding (MoU) with Hangzhou Municipal Government and Alibaba Company Ltd to facilitate cross-border trade among small and medium-sized enterprises (SMEs) under the Electronic World Trade Platform (eWTP). In a statement, MDec said the …

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