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Lazada Ranks Among Alibaba's Largest Investment Recipients

30/12/2016 07:26 WIB

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Alibaba-Funded Startup (2016)

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Lazada, an e-commerce startup, was among the largest recipients of Alibaba's investments throughout 2016. According to Techinasia, the digital marketplace operating in Singapore, Indonesia, Malaysia, the Philippines, Thailand, and Vietnam received US$1 billion in funding. Alibaba, owned by Jack Ma, invested the largest amount in Didi Chuxing, a car rental service company. This Beijing-based startup received US$4.5 billion (approximately Rp 59.4 trillion).

Significant funding was also received by Ele.me, a Chinese food delivery startup, which secured US$1.25 billion. Alibaba, founded by Jack Ma in 1997, is China's largest internet company. In 2012, its market capitalization reached US$25 billion, surpassing Facebook's US$16 billion valuation.

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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Lazada Ranks Among Alibaba's Largest Investment Recipients

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Lazada Ranks Among Alibaba's Largest Investment Recipients

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