Alibaba Buys Controlling Stake in Lazada for $1b
Will we see Alibaba’s products in the PH? Big news for Lazada today, and we’re not talking about Elephone: Chinese e-commerce juggernaut Alibaba has bought controlling stake of the Rocket Internet brand for a cool $1 billion. Why Lazada? Well, Alibaba has pretty much topped out in China, one of the world’s most mature ecommerce […]