Alibaba Agreed To Invest 1B In Lazada

Alibaba recently announced that they have agreed to invest US$1B which is a controlling stake at Rocket Internet who owns one of Southeast Asia’s biggest e-commerce/online retail site, Lazada. According to reports, the deal in total will be worth US$1B. This would include US$500 million worth of newly issued stocks from Lazada and shares from existing shareholders. The breakdown of sale of shareholders to Alibaba are as follows: Rocket Internet will be selling its 9.1% stake in Lazada for US$137Million, they will still have a remaining 8.8% stake. Tesco will…