Chinese e-commerce giant Alibaba group holding (Alibaba Group), can be said as one of the highest online trading industries in the world (besides eBay), founded by Jack Ma, its famous subsidiaries including Taobao and Tmall.

Now Alibaba plans to expand its platform to Southeast Asia, announced a US $ 1 billion acquisition on parts of Lazada‘s holding equity!

Alibaba announced, the group will invest US $500 million to buy Lazada new issued share capital. Alibaba will also buy Lazada shares from other shareholders, including Tesco’s $129 million of 8.6% shares that sold to Alibaba. At the same time, Rocket Internet’s US $137 million of 9.1% Lazada shares will also be sold to Alibaba. Alibaba had invested about $ 1 billion in Lazada.

Currently, Lazada has business distribution in Singapore, and Malaysia, Indonesia, the Philippines, Thailand and Vietnam.

Lazada as one of Southeast Asia’s largest e-commerce products supplier, the type of goods sold included everything, from household appliances to electronic products. Without a loss during four years of its existence in Malaysia, Indonesia, Singapore and the Philippines, Thailand and Vietnam, Lazada’s revenue was as much as $ 1.3 billion. After acquisition of Lazada Group, Alibaba will expand its products to the global brands in future.