Alibaba has previously stated that it will separate various operations and brands into separate businesses. However, it does not stop them from injecting additional funds into the platforms under them.
Through the latest data, Alibaba is found to have injected funds amounting to $353 million in Lazada, which is around RM1.5 billion according to the current exchange rate.
With this latest injection of funds, Lazada is expected to continue to actively compete with their competitor Shopee, as well as prepare themselves for new competitors including TikTok Shop and VIPShop that will arrive.
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BUSINESS & MONEY