Alibaba, the e-commerce giant from China that also owns Lazada, is now once again injecting funds into Lazada, where it has been done for the third time this year.
For the third time, it amounted to $342.5 million, which is around RM1.5 billion according to the current exchange rate.
Lazada has previously gone through a change of management several times, and the last time it was done last June.
The e-commerce arena itself is seen to undergo a number of changes, with the number of orders decreasing compared to the Covid-19 era, in addition to the challenges brought by TikTok Shop lately.
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BUSINESS & MONEY