Alibaba Group Holding Ltd acquired Lazada Group S.A. for $1.02 billion, a transaction completed in April 2016, structured as all cash, US$1,020 million (RMB6,607 million).
Lazada Group S.A. operates in International e-commerce (Southeast Asia), is based in Southeast Asia (Indonesia, Malaysia, Philippines, Singapore, Thailand, Vietnam). Lazada operates a leading e-commerce platform across Southeast Asia with local sites and apps in Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam. Alibaba acquired an approximately 54% interest in April 2016 for US$1,020 million, consolidating Lazada and marking its entry into Southeast Asian commerce.
Establish a controlling foothold in the fast-growing Southeast Asian e-commerce market.
Ready-made regional marketplace and logistics presence across six countries.
Advisory firms were not disclosed for this transaction.