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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

Tags

Related Data

Number of Visitors to Shopee, Tokopedia, Lazada, and Blibli Websites, November 2025

Health Supplement Category with the Largest Market in Southeast Asian Marketplaces, First Half 2025

Health Supplement Market Share in Southeast Asian Marketplaces in July 2025

Indonesia's Forestry Sector Investment in 2024 Largest in a Decade

Thailand Dominated Southeast Asia's Skincare and Makeup Market Share by September 2025

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