Lazada has received a US$353 million injection from parent firm Alibaba, according to VentureCap Insights, which tracks regulatory filings in Singapore.
Tech in Asia has reached out to Lazada to learn more.
The move comes after Alibaba announced plans to break up its operations into separate business units.
This will involve Lazada falling under the ecommerce giant’s Global Digital Business Group, which also includes AliExpress, Trendyol, and Daraz. Before the move, Alibaba had already poured US$1.6 billion into Lazada throughout last year.
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