Caixin
Dec 09, 2022 04:19 PM
BUSINESS

Lazada Receives a $342.5 Million Capital Infusion From Alibaba

Photo: IC Photo
Photo: IC Photo

(DealStreetAsia) — E-commerce major Lazada’s Southeast Asian entity has received another $342.5 million in capital infusion from its parent company Alibaba, according to recent filings with Accounting Corporate and Regulatory Authority (ACRA) accessed by DealStreetAsia DATA VANTAGE.

This brings the total investment made by Alibaba into the Southeast Asian e-commerce firm to $1.6 billion since the beginning of 2022. In May, Alibaba injected $378.25 million into Lazada and another $912.5 million in August. Lazada is majority owned by Alibaba.

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