Lucy Peng, who is already chairman of Lazada, will take over as chief executive officer, according to a statement Monday. The statement didn't specify how much of the company Alibaba will own after the latest investment.
Speaking after the announcement, Lucy said, "With a young population, high mobile penetration and just 3 percent of the region's retail sales now conducted online, we feel very confident to double down on Southeast Asia.Lazada is well-positioned for the next phase of development and of Internet-enabled commerce in this region".
Southeast Asia is a lucrative market for e-commerce players as millions of first-generation internet users embrace online shopping.
"With a young population, high mobile penetration and just three percent of the region's retail sales now conducted online, we feel very confident to double down on Southeast Asia", Peng said.
Running in 2012, Lazada operates in Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam. The firm also invested $1.1 billion in Tokopedia which competes with Lazada in Indonesia, Southeast Asia's largest economy and the world's fourth most populous country.
"We continue to focus on initiatives that unlock the full potential of the e-commerce market that these investments create, to advance SingPost's transformation into a leading postal and e-commerce logistics company", he said.
"It's a sign of how seriously Alibaba perceive the growth opportunity, and competitive threats, in Southeast Asia", said James Lloyd, Asia-Pacific fintech leader at EY.
Its diplomatic mission in Pyongyang, which opened in 1975, was the first Western embassy established in the country. Wallstrom earlier said Sweden hopes "we can use our role and also our contacts" to facilitate U.S.
Trump's order echoed that concern, saying a takeover by Broadcom "threatens to impair the national security of the United States". He blocked the deal just hours after speaking with Hock Tan, Broadcom's CEO at the Pentagon, who was trying to save the deal.
The concept version of the e-tron quattro features three electric motors - one for the front axle and two for each rear wheel. Moreover, the company will launch more new models than ever before and will enter the age of electric mobility this year.
According to Britannica, one of these legends has it that he drove the snakes of Ireland into the sea to their destruction. It is believed he was born in the fag end of the fourth-century in Britain to wealthy parents.
It was no use, the minister said, to have every safeguard at home when the terror threat still existed "at our doorstep". Najib (right) and other ASEAN leaders with Turnbull (centre) at the special summit.
Georgia reportedly offered its job to former Ohio State coach Thad Matta earlier in the week, but Matta turned down the position. He coached the Hoosiers and Marquette for nine seasons each, totaling 356 victories with nine total NCAA tournament appearances.
The " Would You Rather? " sequence straight up asked users if they would rather "Slap Rihanna " or "Punch Chris Brown ". Her comment sent Snapchat's stock down 6 percent, wiping $1.3 billion off the company's market value.
Trump's behalf, states that he joins Essential Consultants in seeking the change of venue and ends with the statement, "Mr. Trump intends to pursue his rights to the fullest extent permitted by the law".
The Slaughter family is incredibly grateful for all the support during this hard time . "I hope it's OK with you that we will". She was also described as a "relentless fighter" for families in Monroe County and across the nation.
The "failure of the airbag control unit (ACU) may prevent the frontal airbags from deploying in the event of a crash", it said. Hyundai does not yet have a fix for the problem but said it expects the Sonata recall to start April 20.
Asked whether Moscow would expel United Kingdom diplomats, Russia's foreign minister Sergei Lavrov said: "Of course we will". He also said that Russian Federation has "destroyed all chemical weapons".
Spain fury at referee 'bias' after World Cup blow
The statement also condemned the reaction of "some of the players who could not contain their feelings" after the defeat. Rugby Europe defended its choice of Iordachescu, saying it operates the "highest standards" of match official selection.
Wigan's fairy-tale FA Cup run over
I've been to a few semi-finals as a manager but never quite made it to Wembley. After a scrappy first half, Southampton took the lead in the 62nd minute.
'Black Panther' Rules Box Office for 5th Straight Weekend
Roadside Attractions' Christian drama film " I Can Only Imagine " opened in third place with an estimated 17.06 million dollars. It's been five weeks since Black Panther's box-office premiere, and the film still holds its place at the top of local charts.
Anger as Ukraine doesn't allow Russians to vote
Just weeks ago, he announced that Russian Federation has developed advanced nuclear weapons capable of evading missile defences. Over 108 million citizens in Russian Federation and almost 2 million outside are eligible to take part in the vote.
Rain chances taper off, dry and mild for St. Patrick's Day
A few rumbles of thunder and showers are moving through central and eastern Kentucky with a large temperatures contrast set up. Scattered showers and storms look like a good bet for Monday as our next low pressure system moves into the picture.
Facebook suspends Cambridge Analytica accounts
Cambridge Analytica has also not issued any official statement regarding the suspension from Facebook. And built models to exploit what we knew about them and target their inner demons.
Iran warns USA against withdrawing from n
The talks in Vienna on Friday, a regular review of the accord, involved Iran and the six other signatories. Iranian nuclear negotiator and deputy foreign minister Abbas Araghchi.
Indianapolis Colts Trade 3rd Overall Pick
At 5-foot-8, 204 pounds, Woodhead had 32 career touchdowns while playing for the Jets, New England, San Diego and Baltimore. NY is now positioned to select one of the draft's top quarterbacks while the Bills have to figure out their next move.
Little Caesars FREE Lunch Combo on April 2!
And insane happened Friday, March 16, when #16 seed University of Maryland-Baltimore County beat #1 seed Virginia 74 to 54. Specifically, it's a lunch combo that has four deep dish slices of pepperoni pizza and a 20 oz.
This Is How Fortnite Battle Royale Looks on an iPhone X
Fortnite version 3.3 adds in Remote Explosives, which you can use to detonate opponent's fortresses in quick fashion. So at 2GB download, best not waste the space and mobile data if you don't actually have the capacity to play it.
Watch 'Avengers: Infinity War' final trailer
Advance tickets became available for Avengers: Infinity War this morning , right alongside the latest trailer . Get on board the hype train as it releases in cinemas worldwide on 27 April.