Alibaba Completes Its Biggest Overseas Acquisition To Date
Just this week, Chinese internet giant Alibaba announced plans to snag a majority stake in e-commerce startup Lazada Group for $1B, Alibaba's biggest overseas acquisition to date.
The Lazada buyout comes four months after Alibaba agreed to pay $226M for Hong Kong newspaper South China Morning Post, part of Alibaba’s larger push into media and e-commerce.